10 Articles
10 Articles
Gold prices dropped by more than 6% in October, showing the worst development for this month since 2008, Bloomberg writes.
Gold Rebounds Above $3,900 After Worst Monthly Decline Since 2008, but Treasury Yields Limit Recovery
Gold prices climbed above $3,900 an ounce on Monday as investors returned to the market following bullion’s steepest monthly decline since 2008. A weaker US dollar provided immediate support, but elevated Treasury yields, uncertainty surrounding the Iran conflict and continued losses in technology stocks left the recovery vulnerable. Spot gold rose 0.7% to $3,902.81 an […]
In October, the price of the December futures on Comex fell to $3889.5 per ounce, as evidenced by data from Investment.com. For October, this was the maximum drop since 2008. Only on 30 October did the quotations drop by 3.5 per cent, to a minimum since the beginning of 2026. According to Bloomberg, metal pressure has been on technological companies in the United States and reports of new efforts to resolve the conflict in the Middle East that h…
Gold Was Supposed to Be the Safe Haven. Wall Street Just Sold It to Cover Its Tech Losses
Gold suffered an unexpected selloff last Friday, falling 3.6% to its lowest level in more than a year. Investors sold bullion to raise cash as technology stocks tumbled and losses spread across financial markets. On Monday, November 2, gold recovered 0.6% to $3,899.29 an ounce, but remained below $4,000. Key Takeaways Gold plunged 3.6% on […]
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