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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

What’s Behind Gold Prices’ Biggest Daily Drop of 2014

Posted on 15 July 2014

Gold prices (Monday) fell sharply by 2.3% for the biggest one-day drop of 2014. U.S. gold futures for August delivery were down $30.70 at $1,306.70 an ounce – their biggest one-day drop since December. Spot gold fell $33.50 at $1,305.50 an ounce.
The sell-off happened quickly following the Comex futures market open in early U.S. trading according to Kitco, suggesting a big sell order hit the futures market at that time………………………………………..Full Article: Source


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