In London, gold traded at $443.50 an ounce, down 30 cents from Friday.

In Hong Kong gold traded at $433.96, up a bit from $433.80.

On the day I met him, gold was trading at $434.

They can also consider how much gold their proprietary trading desk would trade at the same price.

In London, gold traded at $388.75, compared with $395.25 late on Monday.

Late in the day, gold traded in London at a bid price of $377.25 an ounce, up from $376.50.

In London, gold traded at a late bid price of $390.25 an ounce, down from $396.25.

In Zurich, gold traded at $451.50, down from $466.

Despite a run-up this year, gold is trading at less than $400.

By late afternoon, gold was trading at $461 an ounce in London, up from Monday's $459.50.