Gold Goes From a Star Commodity to Laggard in Shocking Reversal
- Precious metal has made its worst start to a year since 1991
- Slump comes after bullion’s biggest annual gain in a decade
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Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.
Spot prices touched a seven-month low on Friday before erasing losses as the dollar moved lower, though bullion is already down more than 6% this year.