Shanghai Gold Exchange deliveries totaled 39.6 tonnes.
This is by far the largest amount of gold bullion transactions on the exchange this year.
Does price really matter? Perhaps to some.
Related: The Gold Market Manipulation Case and Timeline
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot