HSBC lost $200 million in a day on paper as coronavirus dislocated gold market
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(Reuters) - HSBC Holdings Plc suffered mark-to-market losses of about $200 million(162.42 million pounds) in a single day in March after gold prices in London and New York diverged dramatically, the bank said in a filing.The losses by HSBC, one of the world's biggest bullion trading banks, are theoretical, reflecting the value of positions it held. They do not necessarily mean it lost money. HSBC said in the filing that the issue was mainly due to an "unprecedented widening of the gold..