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Gold's shocking fall: Is the bull market over?

Posted by David Ogden on June 20, 2021 - 4:24am


Gold's shocking fall: Is the bull market over?

Gold shed nearly $100 in just 24 hours this week, with the precious metal dropping 5% on Thursday. The trigger was the Federal Reserve's interest rate announcement.

A surprisingly hawkish stance led to some chaotic trading and gold dropped below the $1,800 an ounce.

Here is a look at Kitco's top three stories of the week:

1. Federal Reserve signals it could raise rates twice in 2023

2. Why is gold down $100 after Fed shakes up markets?

3. 'Big Short' investor Michael Burry warns of 'greatest speculative bubble of all time'
 

By Anna Golubova

For Kitco News

Kinesis Money the cheapest place to buy/sell Gold and Silver with Free secure storage

Corneliu Boghian Thanks for sharing
June 21, 2021 at 7:32am
Bill Rippel Why am I not surprised, it's always been controlled by the big boys.
June 20, 2021 at 2:42pm