Gold tumbles to six-month low as investors de-risk ahead of SpaceX IPO
TL;DR
Gold fell to a six-month low around $4,022 per troy ounce as Middle East tensions persist, US rate-rise expectations grow, and SpaceX's IPO looms, setting up what could be its worst quarter in almost a decade; ETF outflows and a shift from speculative buying to de-risking accompany ongoing central-bank sales, even as net central-bank buying remains.
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