Gold, silver, bitcoin and oil slide as ‘metals meltdown’ rattles markets – business live - short news
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Gold has plunged into a bear market, reports IG analyst Tony Sycamore.
Sycamore explains:
Gold is diving sharply once again as European markets open, hitting a fresh intraday low of $4402. That is ~10% below Friday’s close of $4895 and $1200 (~ 21%) below last week’s record high of $5602.
In just three brutal sessions, gold has officially flipped from a raging bull market into a bear market according to..
source: The Guardian - 02.02.2026