Gold slid the most in 12 years years after a weeks-long furious rally that sent the precious metal to successive record highs.
Bullion prices fell by as much as 6.3% after hitting a fresh peak of $4,381.52 an ounce the previous day. A confluence of factors dragged down the precious metal including positive trade talks between China and the US, a stronger dollar, overstretched technicals, and uncertainty on investor positioning due to the government shutdown and the end of a seasonal buying spree in India.
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