KW: So someone puked 1 billion worth of paper gold no doubt too cover losing positions and the price dumped as you can see in the Zerohedge link but fear not once the abysmal economic news filtered out from the FED it bounced rapidly upward once again. You can see the dump followed by the resurge as FED Chairman Jay Powell ‘through in the towel’ saying no more normalisation rate hikes this year, perhaps only one next year. So much for booming economic recovery! As well FedEx dropped a bombshell when it said that world growth was slowing down and now with tarrifs in place it looks like China is not coming to the rescue any time soon. A lot of commentators are watching developments very closely now. The world is drowning in debt that has been used to fund growth and now growth is slowing, but we will still have the debt!

Source: Gold Tumbles Back Below $1300 As Someone Suddenly Dumps $1 Billion Of ‘Precious Paper’ | Zero Hedge