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 […]
Here’s a puzzle worth sitting with: the S&P 500 closed at 7,445 on Wednesday, up more than 9% from its April low, while gold — the classic fear asset — sits at 4,543, down 9% from its April peak. Stocks at records and gold in a correction is an unusual combination. What is the market […]
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 […]