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Gold prices have plummeted! The World Gold Council: Market growth may slow down in 2025.
What will the future trend be.
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.
IShares Silver Trust Options Spot-On: On December 12th, 363.27K Contracts Were Traded, With 5.85 Million Open Interest
On December 12th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 363.27K options for the day, of which put options accounted for 38.11% of the total
Benzinga Market Summary: Indexes Close Lower On Worse-Than-Expected PPI Data, Broadcom And Costco To Report After The Close, Gold And Silver Drop
Hot Inflation Data But Fed Likely To Ignore It, Musk Becomes First $400 Billion Man
Gold Set for Modest Growth in 2025, WGC Says, China Will Be Key