Silver as an investment

U.K. Currency Shock Sees Sterling Gold Surges 5% in One Minute “Flash Crash”

news.goldseek.com / By Ed Steer /  Sunday, 9 October 2016

08 October 2016 — Saturday

YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM


The gold price traded a few dollars either side of unchanged until the COMEX open in New York yesterday morning.  There was a bit of a pop on the job numbers, but that was over and done with by 9:01 a.m. EDT.  It headed lower from there — and ‘da boyz’ set a new low tick for this move down around 11:30 a.m. in New York.  Then, for the most part, it rallied quietly from there into the 5:00 p.m. close of the thinly-traded afters hours market.

The high and low ticks were recorded as $1,267.60 and $1,243.20 in the December contract.

Gold finished the Friday session in New York at $1,257.60 spot, up $2.40 from Thursday’s close.  Net volume was extremely heavy at 247,000 contracts.

READ MORE

The post U.K. Currency Shock Sees Sterling Gold Surges 5% in One Minute “Flash Crash” appeared first on Silver For The People.