Gold suffers its worst drop in 12 years: billionaire investor and “bond king” Bill Gross thinks the top may be here
Gold is behaving more like a meme stock than a safe-haven asset, Bill Gross told Business Insider. After rising this year, the precious metal suffered its worst single-day drop in 12 years on Tuesday. The billionaire “Bond King” said it was “exhibiting characteristics of meme and momentum stocks.” Gold is trading more like a trending…