coininvest.com

  • Shop
    • Privacy-Policy
    • Imprint
  • Archive
    • Favorites
  • German Blog
  • French Blog
  • Italian Blog
  • Charts
You are here: Home / News / Significant gold slump for just a few seconds on 6th January — How did it come?

2014-01-08 by CoinInvest

Significant gold slump for just a few seconds on 6th January — How did it come?

It was 15:14 UTC on the 6th of January when the gold market suddenly faced turbulent seconds and the gold price declined for over 30 USD per ounce.

The reason for the surprising market break was a huge and unlimited selling order by an unknown seller. As a result, the supply-side exceeded demand many times over which the led to the price decrease.  The fact that the above described seller wave amounted to 10% of the daily trading volume is also explaining why demand could not meet supply at that point of time.

In the later afternoon the gold market stabilized again.

An important event, with respect to the gold price prognosis this week, will certainly be the American labour market figures. Should they lie above expectation and lead to further “Tapering-Measures” by the FED, the gold price is likely to decrease further.

However,  a reliable survey which was realized and provided by Bloomberg predicts rising gold prices. The survey investigates future market behavior with the help of numerous real-time traders that bet 18 to 2 that the gold market will be bullish in the nearest future and will therefore lead to rising prices. This is an overall promising sign for all who now decide to invest in gold.

Filed Under: News Tagged With: Fed, Gold, Gold Market, Gold Price

Share this article by Email
  • Facebook
  • Instagram
  • Pinterest
  • Tumblr
  • Twitter
  • YouTube

Coininvest round-up Monday 23th January 2023

Coininvest round-up Monday 16th January 2023

Coininvest round-up Monday 9th January 2023

CoinInvest round-up Monday 19th December 2022

Coininvest round-up Tuesday 29th November 2022

Coininvest round-up Monday 14th November 2022

Copyright © · CoinInvest.com · Datenschutz · Impressum

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT