It is reported that gold futures with a face value of more than $4.2 billion and contracts equivalent to 65,438+000 ounces were sold in just one minute, accounting for about 65,438+00% of the normal daytime trading volume.
This big sell order caused panic in the market and triggered a stop loss. At 0:30 am EST 165438+, the trading volume of gold futures reached more than 60,000 orders in half an hour, and the market fluctuated greatly, breaking the record that the historical fluctuation in the previous 60 days approached the new low of 200 1 year.
Gold futures prices immediately fell by nearly 1%. Spot gold fell 10 USD, refreshing the intraday low of 1 1.274.35 USD/oz since October 7, with an intraday decline of over 0.7%.
It is worth noting that the daily moving average of 100 in the past few weeks is around 128 1 USD/oz.
At the same time, spot silver also plunged more than 1% in a short period of time, hitting a new low of 16.8 dollars in a week, with an intraday decline of 0.9%. Silver futures also fell sharply with gold futures.
Some media said that this mysterious big deal is not the first time in the gold market. Last month, more than 2 million ounces of gold contracts were completed in just five minutes, pushing gold to a high level. Two months ago, a similar number of gold contracts were completed in one minute, pushing gold higher.
The market is changing too fast. Not long ago, gold was the only winner in the Saudi anti-corruption storm. At that time, the US dollar and US stocks fell one after another, and risk aversion warmed up. Gold once rose and became the heart of the market.
Interestingly, the decline of Bitcoin happened to meet the decline of gold futures on the data map.
Today, the cash of Bitcoin, the branch currency of Bitcoin, rose by more than 30% in the day, while the price of Bitcoin fell below the $7,000 mark, falling by more than 5% in the day, falling by more than $65,438+$0,000 from Wednesday's all-time high. Coindesk data shows that Bitcoin is currently hovering around $6,785, approaching a daily low of $6,765,438 +08.50.
There are many uncertainties in futures itself, that is, the ups and downs that cannot be seen through. People who have no resistance had better not touch futures.