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Russia Mulls Eliminating Gold Tax to Boost Investment Demand

From news.goldseek.com

The gold price crawled quietly lower starting shortly after trading began at 6:00 p.m. EST in New York on Thursday evening -- and the low of the day was set shortly after 3 p.m. China Standard Time on their Friday afternoon. It began to edge higher from there, with the high tick of the day...such as it was...coming at 1 p.m. in New York. It was sold a dollar and change lower by the 1:30 p.m. EST COMEX close -- and didn't do much after that. Once again, the low and high ticks aren't worth looking up. Gold was closed on Friday in New York at $1,314.00 spot, up $4.20 on the day. Net volume was fumes and vapours once ... (full story)

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  • Category: Fundamental Analysis