Gold suddenly plunged in the short term! The price of gold dropped nearly $10 within the day. The analyst's latest technical analysis of gold price trends.
On Friday, during the Asian market closing, spot gold suddenly plummeted in the short term, with the price currently falling to around $2663 per ounce, a nearly $10 drop intraday. FXStreet analyst Haresh Menghani pointed out that gold bulls need to wait for some recent consolidation or moderate pullback, and then prepare for the continuation of the recently established uptrend.
China stimulates the global csi commodity equity index: London copper 'breaks ten thousand', iron ore 'breaks one hundred'!
In recent trading days, with the multiple measures of China's monetary and fiscal stimulus policies, not only has it driven the A-share market to soar, but it has also helped some global csi commodity equity index, showing a rebound similar to a "dragon wagging its tail"... On Thursday, London copper steadily rose above the $10,000 integer mark, Singapore iron ore futures reclaimed the 100 mark, and spot silver prices reached a 12-year high!
Gold Prices Expected to Rise, but With Some Risks Near-term – Analyst
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