Commodity Trade Mantra

Posts Tagged ‘Gold Slamdown’

Barclays Fined For Manipulating Price Of Gold For A Decade

UK Financial Conduct Authority confirmed that those inexplicable gold raids which come as if out of nowhere & slam gold with a vicious force so strong sometime they halt the entire market, had a very specific source: Barclays, whose trader Daniel James Plunkett sent out a burst of orders aimed at moving the price of gold.

Furious Gold Slamdown Leads To Yet Another 20 Second Gold Market Halt

Gold trading was halted for 20 seconds as the market tried to “reliquify” itself following what was a clear attempt to reprice the gold and silver complex lower – Ironically, this comes just as the London regulator is launching an investigation into London gold benchmark manipulation.

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