Gold sinks deeper into bear market territory as sell-off extends
CNBC·2026-03-24 04:20
Gold bars weighing 1000 grams each are displayed at the Austrian Gold and Silver Refinery (Oegussa) in Vienna, Austria, on Feb. 3, 2026.Gold extended its slide on Tuesday, deepening its bear market phase, as investors unwind positions, with a stronger U.S. dollar and elevated Treasury yields reducing the yellow metal's allure.Spot gold prices declined 2% before paring losses to 1% to $4,335.97 per ounce. Gold futures for April delivery also cut losses and were last down over 1% at $4,358.80 per ounce. Spot ...