Updated 2 days ago
Gold Price Falls, With Futures Trading Below $4,000
Gold is sliding, with a brightening outlook for global trade sapping demand for a metal often seen as a haven in uncertain times.
Most-active gold futures recently stood 2.4% lower at roughly $3,925 a troy ounce
Gold hasn’t finished the day by settling below $4,000 since Oct. 9.
The price is down 10% from its all time high of $4,359.40 hit on Oct. 20.
Gold has been boosted by expectations of lower U.S. interest rates, worries over countries’ budget deficits and buying by central banks and exchange-traded funds. But the rally has stalled thanks to hopes of a trade rapprochement between the two largest economies, analysts at ANZ wrote.
