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Gold price plunge to be probed by commodity regulators: Chilton

Posted on 18 April 2013

The Commodity Futures Trading Commission may be taking a deeper look at the price of gold, after gold futures on Monday suffered their biggest one-day decline since the 1980s. At least that’s the take of Democratic CFTC Commissioner Bart Chilton. Chilton told Bloomberg TV Wednesday that the drop doesn’t necessarily mean “anything nefarious” happened but whenever something like this happens “we got to look at it.”
“When you see such sharp move that is obviously something that raises our concern and we look at the trades and see what is going on,” he said…………………………………Full Article: Source


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