Gold flash-crash due to ‘Fat finger’ error?

Dhwani Mehta FXStreet

The latest more-than $ 10 sudden sell-off in gold is largely blamed to be a ‘Fat finger’ error, with someone dumping nearly $ 2 billion in notional trading, as cited by ZeroHedge.

At the time of writing, gold is down -1.10% at $ 1242.80 levels, almost near the lowest levels since May 17.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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