Gold prices were falling for a second day on Wednesday as skepticism swirled around the precious metal's role as a hedge against the dollar in one of 2025's most popular trades.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
After a record-setting rally over the past week, commodities traders went all in on a massive gold sell-off on Tuesday. The price of the precious metal fell to $4,118 an ounce, after a high of $4,381.52 an ounce just one day before.
There is no macroeconomic or geopolitical event driving the pullback in gold prices this week, according to the Swiss bank UBS.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Robin Brooks, senior fellow at the Brookings Institution, sought to explain the flows driving the price of gold
Gold and silver saw their sharpest declines in years as easing tensions and a stronger dollar triggered profit-taking.
Gold and silver pulled back sharply from recent highs amid profit-taking and rising volatility, while the U.S. Dollar Index rebounded within a broader bearish trend ahead of key macroeconomic data.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Gold's latest move feels more like a pit stop than the end of the trip, according to Libertas Wealth Management.