Gold Prices Fall to Five-Year Low in Asia Trading

What some traders described as a “mini flash crash” in early Monday trading in Asia drove the price of gold to its lowest level in five years, falling below $1,100 dollars an ounce. The spectacular plunge saw 30 billion dollars’ worth of short selling occurring within half an hour amid what are known as stop-loss selloffs: orders entered into the market automatically executed when a specific price is reached. “In the physical market this would not be possible because that would consume...

© La Voix de l'Amérique - lundi 20 juillet 2015