PRECIOUS METALS

"This bears the hallmarks of a fat-finger 'Muppet'"

The gold price plunged yesterday due to what has been dubbed a “fat finger” trader error after 1.8 million ounces were traded in one minute.

A “fat finger” moment has been blamed for the gold price plunge

A “fat finger” moment has been blamed for the gold price plunge

“This bears the hallmarks of a fat-finger ‘Muppet’ – a trade of 18,149 ounces would be a very typical trade, but a trade of 18,149 lots of a futures contract (which is 100 times bigger) would not be,”...

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