Gold Just Fell Below $4,000 After Its Worst Week in Five Months
Gold prices fell below $4,000 per ounce, hitting a three-month low. This decline coincided with drops in the S&P 500 and Nasdaq, despite gold's typical role as a safe-haven asset. Higher oil prices and rising rate-hike odds contributed to the sell-off. SPDR Gold Shares (GLD) and Newmont (NEM) also saw declines, with GLD near its 52-week low and NEM down 8.2% for the week.





