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Asian tech stocks plummet, some investors "sell gold to cover losses"

2026-06-26 15:24:24

Jinse Finance reports that on June 26, under the dual pressure of a strengthening U.S. dollar and market expectations that the Federal Reserve will adopt a more hawkish policy to curb inflation, spot gold is poised to fall for a fourth consecutive week this week—the longest losing streak since August 2023. On Friday, Asian tech stocks fell again, with volatility persisting, further pressuring some investors to sell gold to offset losses in other assets in their portfolios.

GLDX1.98%

PAXG1.30%

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