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NEW YORK (TheStreet) —
The gold price traded pretty flat until 1 p.m. Hong Kong time—and at that time, it got sold lower to the tune of about twelve bucks or so. From that point onward, it didn't do much—and the low tick came around 8:35 a.m. in New York, about 15 minutes after the COMEX open. The price never looked back from there—and starting around the 9:30 a.m. open of the equity markets it began to rally with a vengeance. The high tick came shortly before the 1:30 p.m. Comex close—and the price didn't do much after that.
The low and high ticks were reported as $1,146.00 and $1,192.90 in the December contract.
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