Just 3 months ago, as Americans celebrated Memorial Day [3], the spot price of gold jerked $20 higher (then plunged) as gold futures closed. Today, as Americans celebrate Labor Day, the liquidity-less market for spot gold just dropped $6, ripped back and settled lower in the space of a few minutes (with bids and offers fully crossed for a few minutes) as someone clearly forgot to tell the machines that the market is closed...
Makes perfect sense...
[4]
as bids and offers crossed...
[5]
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Unrigged markets for all... because nothing says "Sell Gold into an illiquid market" like NATO preparing to launch an offensive against Russia who 'everyone' now cliams is fully invading Ukraine...
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Charts: Bloomberg
