After months of record-breaking gains, gold’s rally has hit a wall. The precious metal, which was seen as a safe haven against ballooning government deficits and global uncertainty, tumbled on Wednesday, plunging by over 6.3 percent to trade around $4,178.23 per ounce. The sudden reversal, sparked by prospects of trade talks between China and the US, immediately tests the conviction of investors, raising the critical question as to whether the dip signals the end of the gold bull market or is the tactical correction new buyers have been w
After months of record-breaking gains, gold’s rally has hit a wall. The precious metal, which was seen as a safe haven against ballooning government deficits and global uncertainty, tumbled on Wednesday, plunging by over 6.3 percent to trade around $4,178.23 per ounce. The sudden reversal, sparked by prospects of trade talks between China and the US, immediately tests the conviction of investors, raising the critical question as to whether the dip signals the end of the gold bull market or is the tactical correction new buyers have been w