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Commodities

Gold Prices Plummet Amid Ongoing Correction

Guavy AI Editorial Team
Instruments
Gold Silver
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Gold and silver prices are under pressure as the new week begins, extending a correction that has been ongoing for several weeks.

The SPDR Gold Shares ETF (GLD) finished last week at around $4,360 an ounce, down approximately 6.34% from its previous level.

Notably, global gold ETFs experienced their second-largest monthly inflow in August, attracting roughly $18 billion and increasing holdings by 121 metric tons to an all-time high.

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