Gold's Resilience Tested: Metal Stabilizes After Steep Decline Gold prices stabilized on Tuesday after experiencing a sharp selloff on Monday, which saw the biggest intraday drop since early June. The recovery came as global stock markets normalized and exchange-traded funds added gold to their holdings. Despite the recent volatility, gold remains up over 15% this year, supported by expectations of Federal Reserve rate cuts and central bank buying. Analysts at Goldman Sachs maintain a bullish outlook on gold, citing its hedging value against various economic and geopolitical risks. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Favored Inflation Measure May Show Softer Rise Than CPI Suggests READ MORE Gold's Glittering Milestone: Surges Past $2,300 Amid Rate Cut Hopes READ MORE Consumer Confidence Edges Up in July, but Economic Concerns Persist READ MORE Dow's 900-Point Plunge and Fear Gauge Surge Signal Golden Opportunities for Investors READ MORE Gold: A Surge Toward $2,400 Looks Imminent READ MORE Add a Comment Cancel replyYour email address will not be published.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