Bullion and peers take nosedive as national banks freeze purchases

10.06.2024

Gold prices fell nearly 2% on Friday after data showed China's central bank held off gold purchases in May following 18 consecutive months of buying.

Spot gold fell 1.8% to $2,333.69 per ounce as of 1123 GMT. Bullion reversed nearly all its weekly gains after the data and is now up...