Odd Lots

Gold Is Losing Again, And It’s Not Because Of Bitcoin

A gold necklace and earrings displayed inside a Titan Co. Tanishq jewelry store.

Photographer: Dhiraj Singh/Bloomberg
Lock
This article is for subscribers only.

Goldbugs are taking the L again today.

In the immediate aftermath of the news that President Biden would be re-appointing Jerome Powell for another term atop the Fed, the yellow metal took a notable mover lower.