Gold's sharp retreat from record highs may have further to fall, according to a growing number of traders who are increasingly wagering that the precious metal could remain under pressure through 2028.
The stunning reversal of gold from record highs is accelerating, and options traders are increasingly wagering that the selloff may continue for years rather than months. The SPDR Gold Shares ETF, known by its ticker GLD, has now fallen 25% from its intraday peak reached in February, erasing a significant portion of the precious metal's historic rally.
