It's not much of a Santa Claus gift, but it was one given gold's December debacle. After dipping down to about US$1,097 at about 8:45 AM ET, gold reversed course and drifted back up for the rest of the day. Going into the Christmas Day holiday, and ending the year's second-last trading week, spot gold closed at $1,105.20.
Speaking of holidays: I hope yours is full of cheer. Happy Christmas, Merry Holidays, whatever suits you. Thankfully, things aren't bureaucratized to the point where I'd have to wish everyone a "Happy Statutory Holiday."
And, thanks for reading this blog. I can assure you, it's appreciated.
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