Gold Drop: Manipulations or Derivatives?

There has been some skepticism regarding gold stock changes after seeing a sudden drop on November 3, 2023. Some analysts on X platform have been indicating gold manipulations as seen from the post below, but how realistic is that conclusion?

Our InProved Analysts have rebuted the manipulation claims, indicating that the actual reason for the sudden drop in the gold stocks are the Derivatives.

As per our lead analyst, Hugo Pascal:

“Assuming normal distribution of returns & mean expected return of 0, $2,012 was within one standard deviation of expected daily move…”

See the details of the exchange below: