Gold just broke below $4,000 an ounce for the first time since JulyGold futures are now down about 25% from their record…
Gold just broke below $4,000 an ounce for the first time since July
Gold futures are now down about 25% from their record close of $5,318 in January, and gold is headed for its worst week since June as oil above $100 pushes rate-hike bets higherThe strange part is central banks bought about 63 tonnes in September, the most since November 2024 per provisional World Gold Council data. The long-term buyers haven't left, gold is being sold to raise cash in a market-wide selloffSource: StockMarket.News
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