Gold sets the record for two fall days

Gold sets the record for two fall days

Gold futures for the Aug. 24 trading session fell in price by $ 104 (5.6 percent) per ounce and fell back to the $ 1,750 level, writes The Wall Street Journal.

The Financial Times clarifies that in two days gold fell by $ 160, which was a record collapse in the entire history of the precious metal trade.

However, if you measure the drop in percentage, it was only 8.4%, which, however, is one of the ten largest recessions in the history of gold.

Investors sold gold in the context of their strong overbought: in the period from August 5 to 22, the precious metal rose in price by 16%, reaching an all-time high of $ 1,917 per ounce.

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