Gold’s Battle for the $4,000 Threshold

The price of gold is staging a fragile recovery following a brutal sell-off, with the market now locked in a tense struggle above the psychologically significant $4,000 level. After a volatile trading week that saw the precious metal plunge from record highs to painful lows, the sustainability of this newfound stability is the central question for investors.

This period of stabilization comes on the heels of a dramatic price collapse. Having reached an all-time peak of $4,381 earlier in the month, gold experienced a severe downturn, temporarily crashing to $3,887. The subsequent rebound from this low managed to push prices back above the key round-number benchmark. By Friday, the metal was holding steady Read more...