Gold has slipped below $4,000/oz and is down ~30% from its January high, suggesting momentum-chasing demand is fading. The move indicates weakening appeal for the crowded 'hot trade' that benefited from recent price strength.
Gold has slipped below $4,000/oz and is down ~30% from its January high, suggesting momentum-chasing demand is fading. The move indicates weakening appeal for the crowded 'hot trade' that benefited from recent price strength.
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mildly negative
Sentiment Score
-0.25
