Gold futures posted their first loss in five sessions on Wednesday, easing back a day after settling above the $2,000-an-ounce mark for the first time since August 2020. The fall back in prices comes amid a “general shift in sentiment across asset classes,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. Still, “it’s hard to tell if this is a trading correction or the start of a bigger change,” as markets have been so volatile lately, he said. April gold fell $55.10, or 2.7%, to settle at $1,988.20 an ounce.
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