Gold Just Flash Crashed

Gold just got slammed by a big trade. Check out the chart below (via Nanex).

As the volume sub-graph shows, over 10,000 futures contracts were traded at 10:14 AM ET, seeing the price of the metal fall from $US1245.50 an ounce to a low of $US1212.60 before rebounding back to current levels around $US1234.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.