Reported 4 days ago
Gold has stabilized after experiencing its most significant one-day decline in two months, attributed to investor worries that the recent surge in prices may have been excessive. Following a 1.6% drop, gold was trading around $2,886 an ounce, as speculation grew over slowing retail sales and the Federal Reserve's upcoming interest rate decisions. Despite the recent dip, gold maintains its longest winning streak since 2020, bolstered by central bank buying and increased investment in gold-backed ETFs.
Source: YAHOO