Visitors Now:
Total Visits:
Total Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

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

Sunday, October 9, 2016 0:14
% of readers think this story is Fact. Add your two cents.

(Before It's News) / By Ed Steer /  Sunday, 9 October 2016

08 October 2016 — Saturday


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.


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

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.