Over 85,000 gold futures contracts (over $10 billion) just traded as gold plunged from $1260 to $1230 as US equity markets opened. This is the worst 7-day run for gold since November as Dec rate hikes were jawboned more likely.
Down 5 days in a row, today's crash has dumped the precious metal to its lowest price since June...
Of course, this makes perfect sense, as EM FX collapses, inflation expectations spike most in years, and Trump's debt-funded fiscal spending plan means more QE.
Reproduction, in whole or in part, is authorized as long as "GoldBroker.com all rights reserved" is mentioned along with a link to this page.
Gold Broker Editorial Staff
Our editorial staff, cumulating many years of experience, wishes to bring to the investors as much information as possible to help them in taking decisions independently and objectively when investing in the precious metals sector. We also regularly publish interviews with fund managers and independent specialists and analysts to let our readers and our investing clients further their analyses of the precious metals markets. We also provide translations of several articles for that purpose.