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Gold slid in Asian morning trade as market sentiment weakened. ANZ research analysts said that although gold is traditionally a safe-haven asset, it has failed to withstand a large cross-market sell-off and is down more than 22% since late February a

2026-06-24

Gold slid in Asian morning trade as market sentiment weakened. ANZ research analysts said that although gold is traditionally a safe-haven asset, it has failed to withstand a large cross-market sell-off and is down more than 22% since late February after the outbreak of the Middle East conflict. They flagged rising US rate-hike expectations as an additional drag on the metal.

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Spot gold fell 2% intraday to $4,108.27/oz.

Spot gold fell 2% intraday to $4,108.27/oz.
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