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Gold Falls Again As Rally Comes To Halt, Asian Markets Drop

Gold
International Business Times Fews App News Provider
Fews App Post Time há 11h

Gold miners were among the biggest losers as the price of the precious metal tanked on world markets AFP Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also sank after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place. Bullion has seen an eye watering run-up since the turn of the year, helping it climb more than 60 percent and hitting multiple records, with observers suggesting it could soon hit $5,000 an ounce. The rally has been built on a range of issues including a weaker dollar, expectations of interest rate cuts, falling bond yields and central bank buying.

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