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Base Metal Prices Mixed as Copper Gains on Record Chinese Inventory Decline -- Market Talk
Gold suddenly encountered a fierce sell-off! Gold prices plummeted by 38 dollars in the Asian session. FXStreet Analyst's analysis of gold price trading.
During the Asian market on Monday, spot Gold suddenly accelerated its decline, with the price currently around $3,280 per ounce, plummeting by $38 during the day. FXStreet Analyst Eren Sengezer pointed out that Gold had a significant pullback after reaching a historical high of $3,500 per ounce. The increasingly optimistic sentiment regarding the easing of the US-China Trade conflict has led traders to lose interest in Gold.
Betting on Gold for 15 years, Paulson achieved great success; he did not buy gold bars, but instead bought gold mines.
As early as when gold prices were around $900 per ounce, Paulson heavily bought gold mining stocks, including Perpetua Resources, Agnico Eagle Mines, and International Tower Hill Mines, among which several saw an increase of over 30% last year. Paulson believes that as gold prices rise, the profits of mining companies will multiply, and mining costs are relatively fixed, so even if gold prices adjust, there will still be room for profits.
The gold-silver ratio has rarely broken 100! Silver is expected to welcome a valuation repair window.
As of April 21, 2025, the price ratio of Gold to Silver (hereinafter referred to as the gold-silver ratio) has risen to 105.26, well above the historical average of 50 to 80. A gold-silver ratio over 100 signifies extreme pricing in light of stagflation risks and indicates that the window for Silver valuation recovery is gradually opening.
Both Wall Street and Main Street are in a frenzy! Gold has become the new darling of investment.
Recent market fluctuations have sparked the interest of the American public in physical Gold, and the business of jewelers in New York is booming.
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