Gold is down about 13% for the month — its worst monthly performance since October 2008 — even as it jumped nearly 1% intraday to around $4,600/oz on Tuesday. The sharp monthly decline signals heightened volatility and bearish positioning in the precious-metals complex, which could pressure related miners, bullion ETFs and risk-off commodity flows.
Gold is down about 13% for the month — its worst monthly performance since October 2008 — even as it jumped nearly 1% intraday to around $4,600/oz on Tuesday. The sharp monthly decline signals heightened volatility and bearish positioning in the precious-metals complex, which could pressure related miners, bullion ETFs and risk-off commodity flows.
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Request a DemoOverall Sentiment
strongly negative
Sentiment Score
-0.60
