Gold Prices Drop After Record Highs and Rally Halt
TL;DR
Gold prices declined for a third consecutive day, approaching $4,000 an ounce, amid investor concerns over market overheating, significant ETF outflows, and ongoing US-China trade negotiations, with the metal still up 55% this year due to safe-haven demand and geopolitical tensions.
- Gold Extends Pullback from Record High for a Third Day Bloomberg.com
- Gold’s frenzied rally ends with largest sell-off in over a decade CNN
- Gold steadies, bitcoin plunges as debasement trade rally comes to a halt Yahoo Finance
- Gold's price is plunging. Here's why (and what investors should do next). CBS News
- After gold’s big plunge, here’s what history shows could happen next MarketWatch
Want the full story? Read the original reporting
Read on Bloomberg.com