There is no macroeconomic or geopolitical event driving the pullback in gold prices this week, according to the Swiss bank UBS.
Gold prices fell for a second day on Wednesday, as investors took profits after a weeks-long rally.
Gold futures
were last down $61.30, or 1.49%, to $4,053.10 per ounce by 8:25 a.m. ET. Gold mining stocks such as Newmont
and Barrick
fell more than 4% in premarket trading.
Gold prices rebounded on Tuesday from the previous session's near two-week low, as buyers of the safe-haven metal returned…
The moves come at the end of a blockbuster year of annual gains for the precious metals.
Gold fell on Tuesday as investors stayed cautious ahead of U.S. jobs and inflation data that would indicate the Federal Reserve's…
Gold's recent move lower has second-order effects for the prospects of the firms that dig the metal out of the ground.
BENGALURU: Gold prices held steady on Friday, but were poised for a third consecutive weekly loss pressured by a stronger dollar…
Gold and silver extended sell-off on Monday, deepening losses from last Friday's rout.
