Gold Tests Central Banks As Forced Selling Meets New Demand

Gold's violent reversal this month shows how a quick sentiment flip can erase value. Just last week, the yellow metal experienced one of the worst performances in decades, dropping 10.5%.Prices peaked just shy of $5,600 an ounce in late January, capping a powerful rally driven by geopolitical tension, central bank demand, and retail momentum. But after a volatile February, the Middle East war upended the rally. The rout continued this Monday, touching $4,100 an ounce before rebounding."Gold is right now tra ...