Gold hits worst losing streak in over a century

Spot gold prices extended their gains on Wednesday, March 25. This upward movement follows a severe drop, ending a nine-day losing streak overnight. According to Bloomberg analyst Katie Greifeld, gold recently suffered its worst run, falling for 10 consecutive days. The precious metal tumbled 27% from its January all-time high, hitting a low of $4,090. At that point, it found support at its 200-day moving average, a popular technical indicator for long-term trends. By early Wednesday trading, gold hov ...