Gold continued its dramatic slide on Monday, extending last week’s losses as investors reacted to U.S. economic developments and speculated on future interest rate policy.
Spot gold fell sharply — dropping around 9 % from recent highs to roughly $4,400 per ounce — after touching a record peak of $5,594.82 last Thursday. Reports Al-Qabas daily..
The sell-off reflects growing investor anticipation over comments from Kevin Warsh, President Donald Trump’s nominee to lead the U.S. Federal Reserve (the American central bank).
Markets are assessing how Warsh might shape interest rate decisions, especially in relation to inflation and future monetary policy.
