It is unclear exactly what happened but based on Bloomberg's tick data, spot gold prices spiked over $30 after the close of the US day session. After a pillaging of a day, someone's agorithm decided that $1336 and then $1307 were the appropriate prices... triggering...
- *SPOT GOLD JUMPS 1.9% TO $1,312.48/OZ, SNAPPING 3-DAY LOSS
Only soon after to correct back to the lows near where we closed the day.
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Chart: Bloomberg