Gold hits one-year low as tech rout sparks selling
Gold prices dropped to a one-year low and white metals sank into oversold territory on Friday. The sell-off followed a slump in technology shares driven by concerns over artificial intelligence spending returns.
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Gold prices fell 3.5% to $3,880.97 an ounce on Friday afternoon, hitting a one-year low as a technology sector rout triggered safe-haven liquidations. The drop marked the lowest level for the precious metal since October 2025.
