Originally Posted by
errant noodle
Seems like a coincidence that gold takes a huge hit on the day the Chinese have their week holiday. Chinese will be back on Sunday night. Western central banks are probably trying to recover their short positions from post brexit breakout after they were caught with their pants down. The media will always just report what they see, gold goes down, they report news and fear about gold going further down, gold goes up and they report news about "how far will it go" or "gold will reach X number blah". Media don't know anything to be honest, they just want to get page hits.