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Gold extends pullback after biggest ETF drawdown since May
Gold fell for a third day, descending toward $4,000 an ounce on investors’ concerns the market was overheating after a blistering rally to record highs. Spot gold was down about 0.5% on Thursday, with a technical reset compounded by an exodus of investors from exchange-traded funds.
Gold fell for a third day, descending toward $4,000 an ounce on investors’ concerns the market was overheating after a blistering rally to record highs. Spot gold was down about 0.5% on Thursday, with a technical reset compounded by an exodus of investors from exchange-traded funds.
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