As Gamestop Soars, Gold Slips
January 27 2021 - 3:35PM
Dow Jones News
By Marco Quiroz-Gutierrez
Long a haven for nervous investors, front-month gold futures
have fallen for five straight sessions in their longest streak of
declines since April 2020.
The move remains relatively muted--gold has lost 1.1% to
$1,844.90 a troy ounce--a sign investors still remain cautious
about the prospects for vaccine rollouts quickly powering a surge
of economic growth and a rise in interest rates.
Gold has stayed within a narrow range in recent weeks and
remains roughly 10% from its record high of $2,051.50 hit in
August.
This item is part of a Wall Street Journal live coverage event.
The full stream can be found by searching P/WSJL (WSJ Live
Coverage).
(END) Dow Jones Newswires
January 27, 2021 15:20 ET (20:20 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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