Gold Just Fell Below $4,000 After Its Worst Week in Five Months - 24/7 Wall St.
Gold Just Fell Below $4,000 After Its Worst Week in Five Months - 24/7 Wall St.
Source: 24/7 Wall St.
―
DW NOTE
Gold reached $5,318 in January — nine months ago — and has since fallen 24.6%. That's not a correction from recent highs; that's the collapse of a mania that peaked while markets were still pricing Trump policies that never arrived. The Hormuz closure should be driving it higher. Instead it's down 6% this week while oil barely holds gains. Flight to safety works until holders realise they're the last ones holding.