In an unexpected turn of events, the gold price has slumped under $2,750, nosediving more than 1%. This retreat appears to coincide with a significant sell-off on the stock market. While gold is generally regarded as a safe-haven asset in periods of market turbulence, oftentimes as equities tumble, investors liquidate profitable gold positions to cover losses. This kind of market behavior led to this unusual retreat. However, experts note this could have a potential upside, presenting a buying opportunity for those looking to enter the market. The week ahead will prove crucial as investors globally monitor the shifting landscape of gold prices and the stock market’s performance. This is a developing situation and updates will be delivered as new events unfold. Read More
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