4,500 has fallen. Gold closed Tuesday at 4,467 — its lowest finish since October and a jarring sight for anyone who bought the metal this year as portfolio insurance. From the April peak of 4,918, bullion is now down 9.2%, and the decline is accelerating: June’s first three sessions alone have erased what May’s dip-buyers […]
4,363. Gold hit that number on Wednesday — its lowest price since October — before rebounding sharply to close at 4,499. A 3% intraday round trip of that size, on rising volume, is what capitulation often looks like in its first act. The case that the low is in Capitulation selloffs share a fingerprint: a […]
4,483. That was gold’s low on Friday — the cheapest the metal has been since January, and a full 8.8% below April’s peak of 4,918. For an asset that spent the past two years as the market’s favorite hedge, the speed of this decline is remarkable precisely because it’s been so quiet. No panic, no […]
Gold is doing something it hasn’t done in over a year: declining for a third consecutive week. The April futures contract settled near 4,729 on Friday, down from the April peak of 4,918 — a slide of nearly 4% that has caught much of the gold-bug community off guard. After a decade of faithful central-bank […]