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Gold price slumps as retail investors pour record US$1 b into ETFs
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Gold falls after a record US$1 bn retail inflow into ETFs triggered profit-taking, amid rising real yields and less aggressive central-bank cuts.
Gold prices dropped after retreating from near record highs, as retail investors poured a record approximately US$1 billion into gold-backed ETFs. The surge in inflows raised concerns among traders that the move may have become crowded, prompting profit-taking. Meanwhile, silver also slid after swift gains earlier this month. The correction comes amid rising real yields and expectations that central banks may hold off on aggressive cuts, reducing bullion’s safe-haven appeal.