[Bill Gross: Gold Trading Like Meme Stock After Price Drop] Billionaire Investor Bill Gross Stated That Gold Is Exhibiting Characteristics Of Meme And Momentum Stocks, Trading More Like A Trending Stock Than A Haven Asset. This Observation Followed Gold's Significant 6.3% Drop On Tuesday, Its Worst In 12 Years, Coinciding With An 8.7% Decline In Spot Silver Prices. Gross Indicated That Gold's Price Trajectory Is Influenced By Momentum, Policy, And Interest Rates, And While It May Hold Up Better Than Stocks, A Price Pullback Could Create A Better Buying Opportunity After Two Strong Months Of Trading. Central Banks Have Also Been Purchasing Historically Large Amounts Of Gold Due To Policy Uncertainty.

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