How a futures trade literally melted $29B in gold bullion and crashed the Atlanta Fed’s model

Wall Street’s rare-metal rumour mill began on a freezing January morning at Zurich Airport, where cargo handlers wrestled two-ton pallets of 99.5% pure gold onto a chartered 747 bound for New York....

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How a futures trade literally melted $29B in gold bullion and crashed the Atlanta Fed’s model

Source: CryptoSlate

Wall Street’s rare-metal rumour mill began on a freezing January morning at Zurich Airport, where cargo handlers wrestled two-ton pallets of 99.5% pure gold onto a chartered 747 bound for New York. Their destination was a COMEX vault in the city, where warehouse rules hinge not on purity but bar dimensions. The gold came from […]