Gold's Decline Seen as Healthy Correction After 'Irrational' Rally
Barrons·2026-02-02 11:24
Gold's Decline Seen as Healthy Correction After 'Irrational' RallyCONCLUDED[S&P 500 Flirts With New Closing High]Last Updated:---12 hours ago# Gold's Decline Seen as Healthy Correction After 'Irrational' RallyByMegan Cheah, Dow Jones NewswiresGold's recent pullback is a healthy technical correction following an "irrational" rally seen in previous days, said Yuxuan Tang of J.P. Morgan Private Bank.The move has flushed out speculative positioning and brought prices back to levels seen about two weeks ago—stil ...