Why Did Gold Crash In April 2013? Computerized Trading Is One Explanation

Gold's 13 percent crash in April 2013, representing a sudden and steep decline of $200 per ounce over two momentous days, set the floor for gold's poor performance in 2013, which saw its worst showing since 1981. The cause of the abrupt decline, dubbed a "flash crash" by some, has been much debated. Analysts have cited weak buying of gold over China's Lunar New Year, unsettling talk of Cyprus central bank gold sales, and highly visible mass sales from exchange-traded funds (ETFs). Others blame a...