Gold goes from star commodity to laggard
Gold goes from star commodity to laggard 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 on Friday touched a seven-month low before erasing losses as the US dollar moved lower, although bullion is already down more than 6 percent this year. The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, is now this year’s’s worst performer in the Bloomberg Commodity Index. A Korea Gold Exch...
Source: taipeitimes.com
