Shocking market conditions! The reason for the gold price's astonishing drop of nearly 38 dollars is here. How to trade Gold?

On Thursday, spot Gold closed down nearly $38. Analysts pointed out that this can be partly attributed to investors taking profits after Gold prices hit a five-week high earlier in the day, closing positions ahead of next week's Federal Reserve meeting. Additionally, rising U.S. Treasury yields also pressured Gold prices. Daniel Ghali, a CSI Commodity Equity Index strategist at TD Securities, stated that although the market anticipates a rate cut by the Federal Reserve next week, some investors Hold Positions are too high, so adjustments may be made before the meeting to respond to potential market changes.

FX16816minutes ago

Gold Set for Modest Growth in 2025, WGC Says, China Will Be Key

Seeking AlphaDec 12 22:53

Gold plummeted during trading! World Gold Council: The rise in gold prices may slow down next year.

The World Gold Council points out that looking ahead, everyone's attention is focused on the impact of Trump's second term on the Global economy.

Golden10 DataDec 12 22:40

Contrary to Wall Street! WGC: The rise in Gold prices may slow down in 2025.

The World Gold Council (WGC) stated that after experiencing a record surge this year, the pace of gold price increases will slow down in 2025.

Zhitong FinanceDec 12 21:28

Express News | The World Gold Council: Gold prices are expected to achieve the best annual performance in over a decade, with positive but moderate growth anticipated next year.

BreakingsDec 12 20:52

Heraeus: Silver is expected to reach 40 dollars next year, and its performance is likely to surpass Gold once again!

Analyst at Heraeus pointed out that the value of Silver relative to Gold is still at a historical low, and in the later stages of a bull market, Silver often performs better than Gold.

Golden10 DataDec 12 17:40