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Unfortunately it is a 5 day holiday so the bullion banks he lot of leeway to manipulate the gold price.. Gold fell sharply on Thursday after a significant selloff in China ahead of its Labour Day break, sending the metal’s price down to its lowest in two weeks.
According Goldman Sachs trader Adam Gillard, nearly 1 million oz. were sold through the Shanghai Gold Exchange (SGE) and the Shanghai Futures Exchange (SHFE) before the market closed for holiday. https://www.mining.com/chinese-market-dictated-recent-gold-price-move-says-goldman-trader/
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