Gold remains near three month lows today after another peculiar large sell trade Friday pushed prices lower, despite the failure of weekend talks in Washington to reach an agreement to avert a U.S. debt default and despite very robust demand from China and India.
Gold fell over 1% Friday after unusually large sell orders in New York futures prompted a $30 an ounce drop in prices in about three minutes and a brief trading halt. The aggressive selling reaffirmed suspicions of gold price manipulation and suppression.
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