As the global bullion market continues to reel from a dramatic plunge in gold prices on Monday, traders from Hong Kong to New York are pointing the finger at others for being behind the move while struggling to unmask the mystery sellers.
In early Asian trading hours on Monday, investors dumped more than $500 million worth of bullion in New York in four seconds with selling occurring almost simultaneously on Chinese markets.
The sheer scale of order flow across both the Shanghai Gold Exchange and the Shanghai Futures Exchange - where combined volume for the day surpassed the notional equivalent of 250 tonnes - led many market trackers to speculate that fleet-footed Chinese hedge funds were behind the move.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
In early Asian trading hours on Monday, investors dumped more than $500 million worth of bullion in New York in four seconds with selling occurring almost simultaneously on Chinese markets.
The sheer scale of order flow across both the Shanghai Gold Exchange and the Shanghai Futures Exchange - where combined volume for the day surpassed the notional equivalent of 250 tonnes - led many market trackers to speculate that fleet-footed Chinese hedge funds were behind the move.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment