Behind Gold crash: 5 tonnes dumped on Chinese market – ANZ

FXStreet (Bali) – According to ANZ, The sudden collapse in gold prices earlier in Asia was due to 5 tonnes of bullion being dumped on the Chinese market. As the Bank states, “half an hour after the market opened we saw 5 tonnes of gold sold through the Shanghai gold exchange, which is way above normal levels.”

According to ANZ, The sudden collapse in gold prices earlier in Asia was due to 5 tonnes of bullion being dumped on the Chinese market. As the Bank states, “half an hour after the market opened we saw 5 tonnes of gold sold through the Shanghai gold exchange, which is way above normal levels.”

(Market News Provided by FXstreet)