Bloomberg: 'Margin Calls' Spur Drop in Gold Prices

By  Bloomberg / August 05, 2024 / www.bullionvault.com / Article Link

LONDON, 5 August 2024 - Analysis from BullionVault today leads the latest gold-price report from global financial news and data agency Bloomberg.

With Japanese shares leading a crash in global stock markets today, "Margin calls ahead of the New York opening have forced traders to liquidate winning positions in gold to cover their losses on stocks," says Adrian Ash, director of research at BullionVault.

Read Adrian's comments - widely syndicated to sites including Yahoo!finance and quoted by news organizations including the UK's Telegraph newspaper - with a Bloomberg subscription here:

Gold Plunges as Global Equity Mayhem Sets Traders on Edge

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