As of 5:07 PM EST gold futures basis the most active April contract is currently trading up $6.10 (+0.37%) and fixed at $1639.50. Although gold opened slightly above yesterday’s close, today’s close was below today’s opening price.

Consider this, gold has had a price range from Friday’s low ($1457) to Tuesday’s high (1698.60) of $241. If you compare Friday’s opening price ($1470) to Tuesday’s close ($1660) Gold had gained a total of $190 over three trading days.

The rally which began in gold yesterday continues, now in its second day with substantial gains.