There is no doubt that the market moved based on this rumor. The whole market is talking about this.
Ted Kempf
Luxembourg doesn't hold that much.
If it was a huge one, we would have seen it - they would have had to buy it through several houses. If you're going to sell a large position of gold, people would see you coming and that can hurt you.
people houses gold hurt
doubt talking market rumor
There was no real news out there. This was mainly technical selling.
real news selling
The weakness in Asian currencies is dampening demand for gold in the region that is traditionally the biggest consumer of gold. Equities may need to fall much further before investors in the developed world start diversifying into gold.
weakness world gold fall start asian demand
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