Summary: Gold has witnessed consecutive plunges for two days, with gold spot plummeting by $50 on Thursday, closing below $2330 per ounce. This followed a previous day's sharp drop of $42. Strong U.S. economic data, driving up U.S. Treasury yields and the dollar, has been the primary catalyst for the gold sell-off.
The S&P Global manufacturing, services, and composite PMI preliminary figures for May indicate an acceleration in U.S. business activity. The...
Gold prices has continued its decline by approximately $50. Will it drop further?
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The S&P Global manufacturing, services, and composite PMI preliminary figures for May indicate an acceleration in U.S. business activity. The...
Gold prices has continued its decline by approximately $50. Will it drop further?
