The value of gold declined 3% after a decline of 6.3%, which is the worst rout for gold within 12 years. This was not too unsurprising as technical analysis showed gold being overvalued. This may mark a new level of certainty in the market, as people are getting used to some of the economic outcomes of the shutdown and fluid tariff rates.
Source: https://finance.yahoo.com/news/gold-silver-stabilize-massive-drops-231228968.html
1 comment:
In another one of my classes we are doing a stock simulation. The gold drop hit a lot of people hard. As for potential signs of market certainty, I would agree with you, since gold usually rises when there is uncertainty.
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