Mysterious Gold Trades of 4 Million Ounces Spur Price Plunge
By GCRU Gold News on Saturday, November 11 2017, 00:14 - Permalink
Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.
After 11:10 a.m. on the Comex in New York almost 40,000 contracts, each representing 100 ounces of the metal, traded in a span of 10 minutes. That triggered a sell-off, sending prices down as much as 1.1 percent.