Speculators smash gold as dollar squeeze tightens
By GCRU Gold News on Tuesday, July 21 2015, 00:19 - Permalink
Spot prices slumped by more than 4pc to $1,086 an ounce in overnight trading after anonymous funds sold 57 tonnes of gold in Shanghai and New York, choosing the moment of minimum market liquidity in what appears to have been a synchronized strike intended to smash confidence.