Gold sinks, bitcoin plunges as debasement trade stumbles
Gold (GC=F) prices extended declines on Wednesday following the worst intraday drop in more than 12 years, putting a pause on one of this year’s hottest rallies. Futures for the yellow metal fell more than 1% to hover near $4,060 per troy ounce after dropping 5.5% in the prior session as investors locked in profits…