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gold flash crash

Article Index

Gold Price Prediction 2015 After the "Flash Crash"

By , Associate Editor, Money Morning • @TaraKateClarke -

gold price prediction 2015

Gold price prediction 2015: A gold "flash crash" shook markets July 19, sending the metal down $50 an ounce in a matter of seconds to its lowest level since 2010.

But the tumble didn't stop there. In fact, last week's events were so dramatic they necessitate an updated gold price prediction for 2015.

"Gold's hard-and-fast tumble below $1,100 an ounce last week means some investors may be tuning out the yellow metal or suffering from gold 'burnout,'" Money Morning Technical Trading Specialist D.R. Barton, Jr. told readers July 27. "But ignoring it is a huge mistake. It has been and always will be one of the best stores of value, and it's a crucial hedge against economic upheaval. It's a must-have holding."

Here's exactly what happened to gold last week - and our new gold price forecast to make the yellow metal work for you in coming months...

The Gold "Crash" We've Been Waiting for Is Here

By , Chief Investment Strategist, Money Map Report -

gold prices per ounce

The official gold crash story is that raw materials are losing their luster in recent weeks amidst signals from the Fed that it's going to raise rates.

The theory is that higher borrowing costs reduce the incentive to buy commodities by making them less attractive versus interest bearing instruments like bonds and equities that pay dividends because of the lost opportunity cost.

That makes sense but, as usual, it’s not the whole story.

Why Today's Gold Price Is Down

By , Contributing Writer, Money Morning -

gold

Tuesday morning, August Comex gold in New York was down $2.50 at $1,104.40 an ounce.

Why today's gold price is down is linked to several factors, starting with the aftermath of the gold "flash crash" that occurred late Sunday night. When China's market opened for trading, a seller dumped five tonnes ($2.7 billion worth) of gold on the Chinese market. Gold fell 4.2% to a five-year low of $1,085 an ounce in a matter of seconds.

Here are the other factors weighing into why today's gold price is down, two days after the flash crash, including China's big reserves reveal, Indian demand, and more..

A Gold "Flash Crash" Happened Yesterday – Here's Why

By , Associate Editor, Money Morning • @TaraKateClarke -

investing tips

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?

Let's take a look...

Gold Prices Today Flat After "Flash Crash"

By , Contributing Writer, Money Morning -

Gold Price trends this year

Gold prices were little changed at $1,238.80 in early trading today (Tuesday) after falling $30 an ounce Monday in mere minutes.

Trading in February Comex gold futures was halted for 10 seconds Monday when a suspected "fat-fingered" (aka erroneous) trade sent the contract tumbling more than $30 an ounce in just minutes.

Find out why here...