It is worth recalling that on September 17, 2008 the price of gold increased during the day by + 14% ($ 110), breaking the mark of $ 890 per ounce. Could something like this happen today?

In 2014, a limit on the growth of the value of gold was introduced on the COMEX Commodity Exchange. If during the bidding the yellow precious metal rose more than $ 100, then the bidding stops for 5 minutes. Then they continue. Theoretically, in one day the price of gold can rise by $ 400, that is, after growth for every $ 100, a pause of 5 minutes will be made. For example, if the price of gold rises in one day by + 14% from the current level ($ 1,500 per ounce), then the increase will be $ 210. It should be remembered that precious metals are traded around the clock. Even if the rise in the price of gold in the USA is artificially restrained, there is no such restriction on Asian markets. It is Asia that is becoming one of the main regions of the world, which over time will increasingly influence the formation of world prices for gold. At some point, American exchanges will no longer be able to contain a price rally in the global gold market.