Gold trading briefly halted early Friday NEW YORK
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Posted On: 10/11/2013 7:04:28 PM
Gold trading briefly halted early Friday
NEW YORK (MarketWatch) — December gold (CNS:GCZ3) stopped trading on the Comex for 10 seconds on Friday morning after a big price move triggered a preset halt. The 10-second stoppage occurred at 8:42 a.m. Eastern time, said a spokeswoman for CME Group Inc. (NASDAQ:CME) , which owns the Comex. She said all trades will stand, adding that technology and markets functioned properly. Scott Carter, CEO at precious metals retailer Lear Capital, said the halt happened after a two-million ounce trade, but it wasn’t clear who was behind the trade. Between about 8:42 a.m. and 8:43 a.m., December gold lost nearly $15, according to FactSet data. The contract was last down $29, or 2.2%, to $1,267.90 an ounce.
NEW YORK (MarketWatch) — December gold (CNS:GCZ3) stopped trading on the Comex for 10 seconds on Friday morning after a big price move triggered a preset halt. The 10-second stoppage occurred at 8:42 a.m. Eastern time, said a spokeswoman for CME Group Inc. (NASDAQ:CME) , which owns the Comex. She said all trades will stand, adding that technology and markets functioned properly. Scott Carter, CEO at precious metals retailer Lear Capital, said the halt happened after a two-million ounce trade, but it wasn’t clear who was behind the trade. Between about 8:42 a.m. and 8:43 a.m., December gold lost nearly $15, according to FactSet data. The contract was last down $29, or 2.2%, to $1,267.90 an ounce.
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