Bad News for Gold Bugs

1,025Views 0Comments Posted 07/06/2024

Bad news for gold bugs. The shiny stuff fell the most in more than two years. Bullion slumped as much as 3.1%, the most since March 2022, while base metals also tumbled. After surging to a record above $2,450 an ounce, bullion has traded in a fairly narrow range amid the uncertainty over the Fed’s rate trajectory.