A Wall Street tech sell-off prompted investors to trim gold positions to offset losses, extending spot gold’s decline and briefly pushing it below $4,100 per ounce in early Asian trading — the weakest close in two weeks. The tech rout, amid worries the AI-driven equity rally has overextended, is adding to existing pressure from persistent inflation risks and expectations of further Fed rate hikes.

2026-06-24

A Wall Street tech sell-off prompted investors to trim gold positions to offset losses, extending spot gold’s decline and briefly pushing it below $4,100 per ounce in early Asian trading — the weakest close in two weeks. The tech rout, amid worries the AI-driven equity rally has overextended, is adding to existing pressure from persistent inflation risks and expectations of further Fed rate hikes.