15 minutes after GDP data was released - showing Q1 was indeed as weak as expected and inventories suggesting Q2 will be just as weak - someone decided it was an appropriate time to dump over half a billion dollars of notional gold on the futures market...
[3]
Seems normal... dump it all at once, flush the stops, and now prices are rising once again.
* * *
And right on cue, USDJPY jumps (JPY tumbles against the USD) as the Gold-Yen trade continues to leave its manipulated skidmarks on the market... [5]
[6]