(Bloomberg) — Gold’s rout is not yet done. Prices sank below $1,900 an ounce on Tuesday, extending the precious metal’s slump into a second day after the haven lost more than 5% in the week’s opening session.After setting a record above $2,000 an ounce last week, gold’s rally has come to a juddering halt as U.S. bond yields advanced, eroding the haven’s appeal. The swift drop followed modest outflows from gold-backed exchange-traded funds, and a 15-day run in overbought territory for the relative strength index.Gold had been on a tear in 2020, and the reversal represents a challenge for the …read more
Source:: Yahoo Finance
