Gold Falls Nearly $100
Tweet
Share
E-mail
After surging to a record over $1900 per ounce a few days ago, gold is in absolute free fall. After selling-off heavy yesterday, the precious metal is down over $90 today to $1768.20.
There are a number of speculative items that could be driving gold lower today. Some of those include: no Q3 from Bernanke Friday, margin hikes, hedge fund liquidation, large sovereign seller.
The ETF that tracks gold, SPDR Gold Shares (NYSE: GLD) is down 3 percent.
There are a number of speculative items that could be driving gold lower today. Some of those include: no Q3 from Bernanke Friday, margin hikes, hedge fund liquidation, large sovereign seller.
The ETF that tracks gold, SPDR Gold Shares (NYSE: GLD) is down 3 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS sees gold rising to $5,000/oz by first half of 2027
- Webull adds ChatGPT, Claude, and Grok connectors to its platform
- Spotex and BitGo partner on custody and settlement for digital assets
Create E-mail Alert Related Categories
Commodities, Hot ListRelated Entities
Ben S. Bernanke, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
