Global Equity Slump Forces Gold Selloff, Prices Drop Below $2,425 Gold prices fell by as much as 1.2% in early Asian trading on Monday, driven down by a global stock market selloff that overshadowed concerns about rising tensions in the Middle East. Spot gold dropped towards $2,425 an ounce as Asian shares tumbled, reflecting fears of a deepening U.S. economic slowdown and potential delays in Federal Reserve interest rate cuts. Despite the drop, gold remains one of the top-performing commodities this year, bolstered by central bank purchases and expectations of rate cuts. However, the current market volatility has led investors to liquidate gold positions to cover losses in other assets. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Precious Metals Prices Show Mixed Trends, Index Remains Sideways READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains Shaky READ MORE Gold Nears Two-Month High Amid Anticipation of US Rate Cut READ MORE Goldman’s $2,175 Target READ MORE Supply and Demand Dynamcis Shows Silver is Undervalued READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment