Why Today's Gold Price Is Down

Tuesday morning, August Comex gold in New York was down $2.50 at $1,104.40 an ounce. Why today's gold price is down is linked to several factors, starting with the aftermath of the gold "flash crash" that occurred late Sunday night. When China's market opened for trading, a seller dumped five tonnes ($2.7 billion worth) of gold on the Chinese market. Gold fell 4.2% to a five-year low of $1,085 an ounce in a matter of seconds. Here are the other factors weighing into why today's gold price is down, two days after the flash crash, including China's big reserves reveal, Indian demand, and more.. Tags: Gold , gold flash crash , Gold Price , gold price today , Gold Prices , price of gold today , todays gold price , Why today's gold price is down To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Today's Gold Price Is Down appeared first on Money Morning - We Make Investing Profitable .