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Gold falls most in 12 years after record run
GOLD suffered its steepest decline in 12 years on Tuesday, retreating sharply after an extended rally pushed bullion to consecutive all-time highs. Gold plummeted as much as 6.3% following Monday’s record peak of $4,381.52 per ounce, Bloomberg News reported. Multiple headwinds converged to trigger the selloff, including improving relations between Washington and Beijing, dollar strength, stretched technical indicators, and murky market positioning data, said the newswire Appetite for safe-haven assets has diminished as President Donald Trump prepares to meet Chinese leader Xi Jinping next week for trade ... (full story)
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