Monday's Gold Rout Came From (DRUMROLL...) New York, Not Shanghai!

``Many dealers, rattled by the recent stock market crash in China, which knocked commodities prices lower, were quick to blame Chinese funds for the selling. But a Reuters analysis of trade data from New York and Shanghai exchanges shows that it was New York which recorded far heavier volumes and a bigger downdraft on prices. While Chinese investors participate in the U.S. market, it was not immediately clear who the sellers were.''