Gold Price Today: Spot Gold Hits Six-Week Low as Fed Outlook and Oil Shock Hit Bullion, Gold Stocks
Gold took a sharp dive Thursday, with spot prices slumping 3.9% to $4,629.29 an ounce—marking the lowest since early February—as surging oil and a hawkish stance from top central banks weighed on appetite for bullion. By late morning in New York, U.S. gold futures due in April shed 5.4%, hitting $4,632.40.