Page 2 - Lofty Expectations News Today

(Bloomberg) -- Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.Spot prices touched a seven-month low on Friday before erasing losses as the dollar moved lower, though bullion is already down more than 6% this year.The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, is now 2021’s worst performer in the ...

(Bloomberg) -- Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.Spot prices touched a seven-month low on Friday before erasing losses as the dollar moved lower, though bullion is already down more than 6% this year.The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, is now 2021’s worst performer in the ...