Gold prices decline on Wednesday as the yellow metal retreated from a fresh 9-month high. Read More...
Gold futures fell sharply on Wednesday with prices for the yellow metal looking to post their first loss in five sessions a day after settling at their highest level in nine months.
Price action
Market drivers
Losses for gold follow a nearly 6% rise in prices for the metal since the start of 2023. Gold has found support from signs of waning U.S. inflation and expectations for a recession which have allowed the dollar to slide.
“Gold’s…
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