Gold falls below $5,000, after record breaking ascent
From thegoldforecast.com
Gold's record-breaking rally has stalled — and the culprit is not a geopolitical ceasefire or a collapse in investor anxiety. It is something more prosaic, and in many ways more durable: a stronger dollar and a Federal Reserve that the market has decided is in no particular hurry. Bullion fell more than 2% to around $4,870 per ounce on Tuesday, extending a retreat that has now erased nearly 9% from the all-time high of $5,354.80 struck on January 29. Gold futures at one point dropped over 3% to $4,878.90 an ounce, slipping below the $5,000 level that had become a psychological anchor for the market. Silver offered no ...
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