Reported 9 days ago
Gold prices have experienced a sharp decline from record highs just two weeks ago, primarily due to expectations of a more restrictive U.S. monetary policy and a decrease in geopolitical tensions under President Trump. As the dollar strengthens, investing in gold has become less attractive, leading to its fifth consecutive session of losses, with prices falling over 8% since their peak. Analysts suggest that the outlook for gold has shifted significantly, despite ongoing demand from foreign central banks.
Source: YAHOO