Gold prices tumble as safe-haven demand fades and dollar strengthens
Gold prices plunged roughly 4.9% to about US$4,143 per ounce, marking their steepest one-day fall in five years, as the dollar strengthened and investors booked profits following recent record highs. The decline was driven by improved risk appetite in equity markets and expectations of stable or rising yields in the U.S. That said, analysts caution that elevated valuations and global uncertainty still leave bullion vulnerable to sudden rebounds amid risk events.
negative
22h ago
Gold prices tumble as safe-haven demand fades and dollar strengthens
Gold prices plunged roughly 4.9% to about US$4,143 per ounce, marking their steepest one-day fall in five years, as the dollar strengthened and investors booked profits following recent record highs. The decline was driven by improved risk appetite in equity markets and expectations of stable or rising yields in the U.S. That said, analysts caution that elevated valuations and global uncertainty still leave bullion vulnerable to sudden rebounds amid risk events.
negative
Gold prices tumble as safe-haven demand fades and dollar strengthens
about 22 hours ago
1 min read
71 words
Gold declines nearly 5% amid rising dollar and risk-on sentiment, marking the steepest drop since 2020.
Gold prices plunged roughly 4.9% to about US$4,143 per ounce, marking their steepest one-day fall in five years, as the dollar strengthened and investors booked profits following recent record highs. The decline was driven by improved risk appetite in equity markets and expectations of stable or rising yields in the U.S. That said, analysts caution that elevated valuations and global uncertainty still leave bullion vulnerable to sudden rebounds amid risk events.
Gold prices plunged roughly 4.9% to about US$4,143 per ounce, marking their steepest one-day fall in five years, as the dollar strengthened and investors booked profits following recent record highs. The decline was driven by improved risk appetite in equity markets and expectations of stable or rising yields in the U.S. That said, analysts caution that elevated valuations and global uncertainty still leave bullion vulnerable to sudden rebounds amid risk events.