November 28, 2012 at 17:50 PM EST
Was It A 'Fat Finger' That Sent Gold Plunging?
Gold fell 1.5% Wednesday, its biggest one-day drop in nearly a month, as deflation worries related to a U.S. fiscal crisis and debt-stricken Greece triggered a heavy bout of stop-loss orders from momentum-driven fund investors. After trading slightly lower in Asian dealings, bullion prices suddenly plummeted $25 an ounce at the U.S. pit-session open with an equivalent of more than 2 million ounces of Comex gold futures changing hands in less than
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here