Oops, not sure what happened here.
Some stops being triggered by robotic trading perhaps.
The AFR reported that the gold price crashed from US$1,132/oz to $1,092/oz in a matter of minutes after 5 tonnes of bullion were unloaded on to the Chinese market.
US dollar gold prices had already been pushing 5 year lows this week.
The price seems to have stabilised at around US$1,109.