Commodities Face Broad Selloff: Gold Falls Below 4,000 Mark, Silver Tumbles 5%, Both Crudes Drop Over 4%
TradingKey - On June 24, Eastern Time, global commodity markets experienced a broad sell-off, with precious metals and crude oil prices plunging in tandem. Spot gold (XAUUSD) fell over $100 intraday, breaking below $4,000 per ounce. As of press time, spot gold was trading at $3,968.62 per ounce, down 3.46%. Gold has fallen over 25% from its peak near $5,600 in January this year.
TradingKeyWed, Jun 24