Gold falls below $4,000 after massive liquidation of precious metals

Gold falls below $4,000 as markets suffer a wave of selling that affects several precious metals. On Thursday, losses accelerated in a context marked by rising oil prices and inflation fears. Even with bond yields declining, this safe haven did not attract investors. This drop raises questions about the strength of the upward trend and occurs as Peter Brandt directly challenges Peter Schiff. Friday morning, in Asia, gold traded around 3,998.72 dollars , a daily decline of 0.63%. The precious metal also touched a low near $3,986 during the session . It is now about 22% below its record of $5,110.50 reached on January 26. This correction marks a significant change after the highs recorded at the beginning of the year.

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