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 Banking Crisis 2.0 — Are We on the Brink of the Next Financial Crisis? READ MORE Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE Experts Predict Continued Upside for Silver and Gold Despite Recent Dip READ MORE A Break from Tradition: How the Fed's Recent Policies Have Cost US Households READ MORE CBO Predicts Decade of Soaring U.S. Deficits READ MORE Add a Comment Cancel replyYour email address will not be published.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