Column: LME puts 2022 nickel crisis behind it as trading booms
Trading activity last year the strongest since 2015 and the fourth highest on record.
The gold price was losing sight of the $1,400 an ounce level on Tuesday falling to levels last seen mid-August, after a diplomatic deal on Syria saw safe-haven buyers exit the market.
By midday gold for delivery in December, the most active contract on the Comex in New York, was trading at $1,363 down 1.7% or $23 from Tuesday’s close after the Syrian regime accepted a Russian proposal to place its chemical weapons under international control.
Gold gained 5.7% in August and briefly reach a three-month intra-day high of $1,434 on the 28th, but that momentum seems to have been mostly lost.
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