Gold futures mark biggest one-day loss of the month
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
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Source: MarketWatch
- Gold Futures Decline: Gold futures experienced their largest single-session loss this month, retracting from a three-week high reached the previous week.
- Profit-Taking by Gold Bugs: Traders engaged in profit-taking activities at the beginning of the week, anticipating crucial U.S. inflation data.
- Market Analysis: Han Tan, chief market analyst at Exinity, highlighted the trend of gold prices and the behavior of gold investors.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
