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A Gold "Flash Crash" Happened Yesterday - Here's Why
A gold "flash crash" took the yellow metal down 4.2%, or about $50, in a matter of seconds late Sunday night to its lowest level since March 2010.
Just before 9:30 p.m. ET -- or just as China's market opened for trading -- someone dumped five tonnes ($2.7 billion worth) of gold on the Chinese market.
Exactly who is "someone," and why the big sell?
A gold "flash crash" took the yellow metal down 4.2%, or about $50, in a matter of seconds late Sunday night to its lowest level since March 2010.
Just before 9:30 p.m. ET -- or just as China's market opened for trading -- someone dumped five tonnes ($2.7 billion worth) of gold on the Chinese market.
Exactly who is "someone," and why the big sell?