Gold sees biggest weekly loss in six years, faces more downside as . . . Wong’s comments come as the gold market looks set to end the week with a more than 8% loss—its biggest weekly decline in six years, when the global economy was forced to shut down because of the COVID-19 pandemic Spot gold last traded at $4,584 10 an ounce, down more than 1 7% on the day
Edward Dowd: Gold ‘became money again’ under Basel III . . . - KITCO (Kitco News) - Gold has fundamentally shifted from a speculative trade to a tier-one monetary asset following the global implementation of Basel III ‘Endgame’ banking rules earlier this year, setting the stage for a long-term move to $10,000 an ounce, according to Edward Dowd Dowd, a founding partner of Phinance Technologies and former BlackRock portfolio manager, told Kitco News that the
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