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CNBC can’t understand gold’s sudden drop today

Saturday, November 11, 2017 14:17

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gata.org / By John Melloy and Fred Imbert Via CNBC, New York / November 10, 2017

https://www.cnbc.com/2017/11/10/gold-just-dropped-in-sudden-mover-lower….

Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes.

Trading volume also picked up during the selling activity.

Gold futures for December delivery were down 0.9 percent as of 11:52 am in New York after stabilizing following the sudden decline.

It was not immediately clear what caused the drop.

Gold was set for a weekly gain as stocks fell and uncertainty about the timing of the U.S. tax reform plan increased, pushing investors into the arms of the safe-haven trade.

Source: http://silveristhenew.com/2017/11/11/cnbc-cant-understand-golds-sudden-drop-today/

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