It is incredible, when London closed at 11:30am the algos turned on and the volume became very large and by 11:50am they had taken gold down $25 in twenty minutes doubling the mornings volume in about 20 minutes.

From 10:50am to 11:50 am gold was down $30 dollars.

No discernible reason for the take down after a serious miss on GDP data, in fact the gold market actually reacted as it should have this morning prior to the algo take down.

We could just as easily end the day much higher given the interventionist action, wouldn't surprise me.