Precious metals take a beating after Friday’s China reserve news and large sell orders dumped on the markets
Eamonn had the big drop on his session where gold tumbled to 1086 quick smart. Traders noted that virtually simultaneous sell orders went through both Comex and the Singapore exchanges, ruling out any fat finger possibilities.. Around 5 tonnes went through the SGE in 2 minutes. The normal daily volume is around 25 tonnes