Gold Flash Crashes by Almost $100 as $4 Billion in Sell Orders Hit

A sudden burst of $4 billion in the selling of gold futures during quiet trading hours sends the gold price plunging by more that $100. What investor would dump gold futures in such a massive and sudden way as to reduce the prices of the commodity he/she wishes to sell?

Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit | ZeroHedge

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

Leave a Reply

%d bloggers like this: