Gold posted its worst quarter since 2013, falling 14 to 16% in Q2 alone and roughly 24% overall from January’s record high near $5,600 to just above $4,000 an ounce.
Silver fared worse, tumbling as much as 22% over the same three-month period.
The selloff was driven by the widening war between the U.S. and Iran, rising energy prices, and expectations of further interest rate hikes.
A death cross pattern and options market pessimism signal potential for more downside ahead.
Central banks continue shifting away from dollar holdings, with a net 30% planning to increase gold reserves.
Gold is closing out its worst quarter since 2013, with spot prices…
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