Gold sinks 25% from its January peak in fastest drop since 2008

Gold has fallen about 25% from its January 28 record of $5,589 to roughly $4,165 — its fastest slide into a bear market since 2008. An oil-driven inflation shock and a strong jobs report lifted real yields and cut rate-cut bets, raising the cost of holding the non-yielding metal. Even so, banks including JPMorgan still see gold above $6,000 by year-end.