And The Obligatory “Selloff Day” Gold Plunge Is Here
by Tyler Durden
Just when you thought gold could go through at least one major selloff day without some remarkable fireworks, here comes a perfectly natural $10 selloff in the span of under a minute, because that is precisely how a quantized and “deep” order book looks like. Just how related this is with the reopening of the ECB’s FX swap lines with the US is unclear. We are confident the BIS will be perfectly happy to provide commentary on the issue.
Categorised as: Gold News