image credit: Pixabay

Gold prices fall below $1,300, with 5-session win streak at risk

April 11, 2019

Gold prices headed sharply lower Thursday, struggling to hold on to a psychologically significant level at $1,300, with a fifth straight gain in jeopardy, amid a climb in U.S. dollars.

Gold had climbed this week as concerns over an economic slowdown fueled demand for assets perceived as havens. Among recent downgrades, the International Monetary Fund this week cut its outlook for global economic growth — the third cut in six months.

Read More on Market Watch