Gold posted its biggest one-day fall since 2013 overnight as traders took profits after a stunning bull run propelled the precious metal’s value 57 per cent higher in 2025.

Gold’s 6 per cent loss in Wednesday’s early hours saw it pull back to $US4,122 an ounce, although ANZ Bank’s economics team said there were no obvious catalysts for the falls, other than a natural sell-off after the metal surged 26 per cent higher across September.

“We assume such (speculative) positioning had built to substantial levels and ultimately triggered the selloff,” said ANZ Bank on Wednesday morning. “Despite this pullback, we still see long-term drivers in place and providing support to prices.”

The mania for gold among mum-and-dad investors has translated into long daily queues to buy the metal from the

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