Gold prices dropped 6%, the worst single-day decline in seven years
Business

Gold prices dropped 6%, the worst single-day decline in seven years

Gold prices fell more than 6% yesterday, the worst one-day decline in seven years as investors’ risk appetite returned, boosting U.S. stocks. Spot gold tumbled as much as 6% to $1,927.30 per ounce, down sharply from Friday’s record intraday high of $2,089.20. On Wednesday morning during Asia hours, spot gold fell further, last trading at $1880.16

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Wed Aug 12 - CNBC

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