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Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation

Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation
Bloomberg Markets Tuesday 23 June 2026, 23:49 UTC By Yihui Xie 1 min read
Key Points

Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation Gold extended a decline, as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios. Spot gold dropped below $4,100 an ounce, after giving up 1.7% in the previous session for its lowest close in two weeks. Treasuries rallied on Tuesday and a gauge of the dollar rose 0.4%, making gold that’s priced in the US currency more expensive for most buyers.

Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation Gold extended a decline, as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios. Spot gold dropped below $4,100 an ounce, after giving up 1.7% in the previous session for its lowest close in two weeks. Treasuries rallied on Tuesday and a gauge of the dollar rose 0.4%, making gold that’s priced in the US currency more expensive for most buyers.
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Originally published by Bloomberg Markets Read original →

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