fromLondon Business News | Londonlovesbusiness.com
4 weeks agoGold Unexpectedly Pulls Back Toward $5,000/oz Price - London Business News | Londonlovesbusiness.com
Part of the reason may lie in the fact that geopolitical risks had already been significantly priced in earlier. Prior to the correction, gold had risen for four consecutive weeks, pushing prices close to $5,420/oz and creating conditions for investment funds as well as retail traders to take profits, thereby triggering a sharp short-term pullback.