Gold futures basis the most active February 2021 Comex contract traded to a high overseas last night of $1864, before giving back a large percentage of the gains, closing up by $4.30 (+0.23%), and is currently fixed at approximately $1855.40.

Friday’s dramatic $66 price decline took gold prices below their 200-day moving average for the first time since December 1, 2020.

“Been dazed and confused for so long, it's not true … Lotsa people talkin', few of them know” - Led Zeppelin, Songwriters: Page, James, Patrick.