Gold steadies, bitcoin plunges as debasement trade rally comes to a halt
Yahoo Finance·2025-10-23 04:26
Gold (GC=F) prices stabilized on Wednesday following the worst intraday drop in more than 12 years, but one of this year's hottest rallies remained largely on pause. Futures for the yellow metal flipped between negative and positive territory to hover near $4,120 per troy ounce after dropping 5.5% in the prior session as investors locked in profits and the US dollar strengthened. Prior to the sharp sell-off, gold had climbed a whopping 65% year to date on strong global central bank demand and investor fl ...