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Gold volatility spikes as prices reverse from record highs

From bnnbloomberg.ca

Gold prices swung violently over the past week, surging to fresh record highs before suffering their steepest daily decline in more than a decade. The rapid reversal pushed prices back below key psychological levels, underscoring how compressed and volatile the move has been. BNN Bloomberg spoke with Christopher Louney, director of natural gas and gold strategy at RBC Capital Markets, about what drove the sudden selloff, how investors should interpret the pullback and why the broader macro backdrop may still support gold later this year. Read the full transcript below: ANDREW: Gold rose and then crashed. Last week, ... (full story)

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  • Category: Fundamental Analysis