Gold prices fell as profit-taking set in after a sharp prior-day rally. The earlier move was driven by a surprise U.S. Treasury liquidity support announcement aimed at stemming a bond-market rout, which reduced risk hedging demand temporarily before traders booked gains.
Gold prices fell as profit-taking set in after a sharp prior-day rally. The earlier move was driven by a surprise U.S. Treasury liquidity support announcement aimed at stemming a bond-market rout, which reduced risk hedging demand temporarily before traders booked gains.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.10
