Gold has long been considered one of the most reliable safe-haven assets, a store of value that shines brightest during periods of uncertainty. Yet even the most resilient assets experience turbulence, and the past several days have been a sharp reminder of that reality. After climbing to record highs earlier this month, gold prices have fallen significantly in global markets. The speed and magnitude of the pullback has surprised many investors, especially those who entered the market during the recent rally and expected the momentum to continue. In Singapore, retail gold prices softened in line with global activity. Local dealers reported a decline in prices of 999.9 fine gold and gold jewelery as the recovery unfolded, with spot retail prices falling from recent highs above S$120 per gram. The Singapore market, which generally reflects international spot prices due to its open and globally…
