-
Gold Retreats Despite Conflicts Spreading and China Buying Spree – Is This A Bearish Signal?
Gold prices slipped last week despite escalating geopolitical tensions, raising questions about whether the precious metal’s powerful rally has stretched too far. Gold prices came under pressure last week, falling sharply even as geopolitical tensions intensified in the Middle East. The precious metal dipped below the $5,000 level and recorded a 2% weekly loss, marking its first weekly decline in five weeks and only the second pullback so far this year. The decline surprised many market observers because gold traditionally benefits from geopolitical instability. The ongoing conflict involving the United States, ... (full story)