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Hong Kong stocks movement | Golden Industrial Concept collectively declined, LINGBAO GOLD (03330) fell over 5%, Zijin Mining Group (02899) fell over 4%.
Golden Industrial Concept collectively declined. As of the time of writing, LINGBAO GOLD (03330) dropped 5.18%, priced at 5.86 HKD; Zijin Mining Group (02899) fell 4.62%, priced at 17.34 HKD; SD GOLD (01787) decreased by 3.53%, priced at 17.48 HKD.
Gold suddenly experiences a plunge! The gold price dropped by 16 dollars from the daily high, FXStreet Analyst's gold trading analysis.
During Friday's Asian market session, spot Gold suddenly plummeted sharply, with the current gold price dropping to around $3,031 per ounce, retreating $16 from the earlier intraday high of $3,047.52 per ounce. FXStreet Analyst Christian Borjon Valencia pointed out that the decline in gold prices is due to the strengthening of the US dollar.
After reaching a new high, gold prices suddenly changed! How will Gold move next? FXStreet's Chief Analyst technical analysis of gold prices.
#Gold Technical Analysis# 24K99 News The gold price significantly retraced after reaching a historical high on Thursday (March 20), ultimately closing slightly lower.
Gold macro perspective: Epic market trends reconstructing the investment landscape, Wall Street wolves begin new layouts.
Gold has entered the era of $3,000, and the investment logic has iterated and upgraded. While 98% of retail investors are still scrambling to buy Gold ETFs, Wall Street wolves have already begun to turn towards "atypical gold assets."
The Federal Reserve's forecast points to "stagnation" and "inflation," yet Powell is "so dovish," still hoping inflation is "temporary."
Analysis indicates that it is still too early to assert that the impact of inflation is temporary. This is because the latest predictions from the Federal Reserve show that GDP growth is slowing while inflation and unemployment rates are rising. "There are good doves and bad doves; if this is actually dovish, then it is the bad kind of dovish."
Gold has suddenly changed dramatically! The price of Gold has fallen by 17 dollars from its historical Top Reversal. FXStreet senior Analyst's analysis of Gold Trade.
On Thursday during the early European market, spot Gold continued to decline from its peak, and the current gold price has fallen to around 3040 USD/ounce; during the Asian market on Thursday, the gold price once reached 3057.57 USD/ounce, setting a record high. FXStreet senior Analyst Dhwani Mehta warned that the overbought condition in the technical analysis warrants caution.