Gold Continues Fall as Traders Take Stock After Market Slump

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Bloomberg News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold SWOT: If gold is poised to move, gold stocks may finally be back in playThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

No shelter for traders as stocks, cryptos, and gold correct lowerThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold market analysis for September 3 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold market analysis for August 30 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold market analysis for August 29 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »