Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 20 July 2015

Gold flash crash?

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.