Gold heads for 13% quarterly loss, steepest decline in 13 years
The move points to one of bullion’s worst quarterly performances in over a decade, underscoring the scale of the selloff.
Fact Check
Multiple independent authoritative financial outlets confirm the claim. MarketWatch ('Gold's $4,000 skirmish continues as it eyes worst quarter in 13 years') and CNBC both report gold heading for its worst quarter in 13 years. The BigGo Finance article specifies the quarter-to-date loss at ~13%, citing Dow Jones Market Data, and notes it would be the steepest quarterly decline since Q2 2013 (13 years ago). These figures match the claim precisely on both magnitude (13%) and the 13-year time frame.
Summary
Gold is on track for a 13% quarterly loss, which would mark its sharpest quarterly decline in 13 years. The move signals a severe pullback in bullion prices and ranks as one of the metal’s worst quarterly performances in more than a decade.
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