Analysis: The 'Liquidity Mirage' — Why Tight Spreads Are Masking Risk in Gold and FX
Recent volatility in precious metals has exposed a deepening structural flaw in global financial markets, where bid-offer spreads have ceased to function as accurate risk premiums. A new analysis suggests that the decoupling of spread pricing from underlying liquidity risks is creating a "liquidity mirage" that leaves traders vulnerable to massive execution slippage during stress events.



















