Gold Stabilizes, Bitcoin Plunges as Downgrade Trade Rally Halts
Gold prices (GC=F) stabilized on Wednesday after the worst intraday decline in more than 12 years, but one of this year’s strongest rallies remained largely on hold. Futures for the yellow metal swung between negative and positive territory to hover around $4,120 per troy ounce after falling 5.5% in the previous session as investors took…