Gold Continues Fall as Traders Take Stock After Market Slump

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Commodity Markets

(Bloomberg) -- Gold edged lower for a fourth day as investors took stock following a broad sell-off that rattled equity and commodity markets, with the...

-- Gold edged lower for a fourth day as investors took stock following a broad sell-off that rattled equity and commodity markets, with the weakness stoked by concerns about economic growth.Hong Kong’s Arts Hub Turns to Selling Land to Stay Afloat

Gold has rallied by more than a fifth this year, supported by growing optimism that the Fed will start cutting rates from this month. Lower borrowing costs typically benefit the metal, which doesn’t pay interest. Robust over-the-counter purchases and haven demand have also underpinned the advance. A couple bought an abandoned bank for £31k and transformed it into a home - complete with the original safe and doors. Ryan Green, 28, and his wife, Nicole, 27, a care assistant, bought the former bank in February 2022. The renovation project started later that month and saw the pair transform the old NatWest bank - turning it into a shop and a two-bedroom flat. The couple worked on the renovation for six months and completed the project in October 2022 - which costed them £60,000.

 

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