Economic TimesLean R·
Tech rout drives gold to one-year low, white metals sink deep into oversold zone
Gold prices hit a one-year low on Friday while silver, platinum and palladium slid deep into technically oversold territory, as tech shares slumped amid worries that AI spending may not deliver sufficient returns.Spot gold fell 3.5% to $3,880.97 an ounce by 2:13 p.m. ET (1813 GMT) - its lowest level since October 2025 - while silver dropped 6.5% to $49, breaking below $50 for the first time in 11 months, and palladium slid below $1,000.US gold futures for December delivery settled 3.3% lower at…
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