In essence, banks are getting back to not wanting to lend to each other as the lowering tide starts to reveal a few zombie banks that were swimming without their shorts on.
Gold has been experiencing some volatility these last few days. After surging above $4,350 an ounce earlier this week, the metal has since retreated to below $4,150.
Investment demand also sagged during July and August. According to the WGC, economic factors contributed to the cooling of the Chinese gold investment market in the first 2 months of Q3.
