Did JPMorgan Cover More Short Positions Yesterday?

Well, that little dip in the gold price in the wee hours of yesterday morning didn't amount to much... although it did set the low [around $1,231 spot] for the Tuesday trading session. The price began to move up sharply shortly before Comex trading began yesterday... and was up $14 by the time the London p.m. gold fix rolled around at 10:00 a.m. Eastern time. From that point, gold only tacked on another four bucks or so to its high of the day [$1,251.20 spot] around 2:00 p.m. in New York... and from there, gold slid a couple of dollars into the close of electronic trading at 5:15 p.m. Eastern time. (more)