Gold Hits One-Year Low as Tech Rout Sends Metals Lower
Spot gold fell 3.5% to $3,880.97 an ounce by 2… on Friday, while silver, platinum and palladium slid into technically oversold territory. The report linked the declines to falling tech shares and concerns about returns on AI spending.
By Noel John and Polina DevittGold prices hit a one-year low on Friday while silver, platinum and palladium slid deep into technically oversold territory, as tech shares slumped amid worries that AI spending may not deliver sufficient returns.Spot gold TVC:GOLD fell 3.5% to $3,880.97 an ounce by 2…