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 Geopolitical Strains Fail to Boost Oil Prices as Markets React Cautiously READ MORE Silver Up Roughly 18% YTD – Is It Still Undervalued? READ MORE Gold Prices Plunge as Middle East Tensions Ease and Fed Maintains Higher Rates READ MORE MetalsDaily – We need to talk about China… READ MORE Harmony Gold Announces Record Dividend as Profits Skyrocket READ MORE Add a Comment Cancel replyYour email address will not be published.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