Gold Is Getting Slammed
Advertisement
Advertisement
Right now, the metal is down 2.2%, trading right around $1339 an ounce.
The metal rose as high as $1375 this week after the Federal Reserve surprised markets with its decision not to begin tapering the pace of bond purchases it makes under its quantitative easing program.
Now, it looks like it's headed back down the other way.
The chart below shows trading in the metal this week.
Advertisement
Advertisement
- T20 World Cup: Majority of Indian players to leave for New York on May 25
- India, UK reaffirm FTA commitment at Strategic Dialogue
- IPL 2024: Will rain play spoilsport in much-awaited blockbuster CSK vs RCB clash?
- Singapore seeing new COVID-19 wave, minister advises wearing of masks
- Impact Player rule has disrupted balance of game: Virat Kohli