U.S. Markets open in 6 hrs 32 mins

Is Gold’s Longest Monthly Losing Streak Nearing an End?

Annie Gilroy
Is Gold’s Longest Monthly Losing Streak Nearing an End?

Gold prices dropped for the sixth straight month in September, which is gold’s longest monthly losing streak since January 1997. Year-to-date, gold prices are down by 9%, and they are down 12% from their April peak. Gold’s price decline is especially puzzling given the presence of many factors that would have usually supported its safe-haven appeal and thus its price.