Gold price tumbles as investors ‘lock in’ gains and safe-haven role shifts

Goud, foto door MUILLU via Unsplash
Goud, foto door MUILLU via Unsplash
The gold price fell sharply on Monday morning, dropping nearly 10 percent in a short period and recording its biggest weekly loss since 1983. Higher inflation, rising interest rates, and a stronger dollar are putting pressure on the precious metal. Profit-taking also contributed, experts say.

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