Over a trillion dollars vanish silently



Gold drops 4% during the day and returns to the 4,000-dollar level, its lowest since March 23

And the reason is the rising expectations that U.S. interest rates will stay high for a longer period

With the rise of the dollar and bond yields, leading to a wave of selling that wiped out more than $1.1 trillion of its market value in hours

$XAUUSD $XAUUSD20
XAUUSD0.46%
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