- Gold fell below $4,000 this week as a cross-market stock rout pushed investors to sell the precious metal.
- Gold held near its lowest close in more than three months, with Bloomberg attributing volatility to AI jitters.
- Investors rushed into US Treasuries while gold plunged, so gold did not act as a safe haven in this sell-off.
Quotes
“Price has plunged this week even as investors rush to safety of US Treasuries”
“Gold steadied near its lowest close in more than three months as investors sold the precious metal in a cross-market stock rout.”