Gold Flash Crashes As “Someone” Dumps $2 Billion, “Fat Finger” Blamed

Gold Flash Crashes As “Someone” Dumps $2 Billion, “Fat Finger” Blamed:

Shortly after 4am EDT, as the European market was warming up for trading, Gold suddenly plunged $12, or 1%, to $1,242 an ounce, on a surge in volume with 18k contracts, or just over $2 billion notional, trading in a one-minute window; as of 9:20am London, volumes running around 150% of recent averages. As so often happens, the gold plunge dragged silver down with it as well.

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