What exactly happened?! Gold prices experienced a "massive fluctuation" of 35 dollars in a single day. How to trade Gold next?

According to 24K99 news, on Monday (January 6), spot Gold closed slightly lower, but the gold price fluctuated very sharply during the day, with a range of $35.

FX16809:39

Goldman Delays $3,000 Gold Forecast, Foreseeing Fewer U.S. Rate Cuts

Seeking Alpha05:55

IShares Silver Trust Options Spot-On: On January 6th, 187.19K Contracts Were Traded, With 5.41 Million Open Interest

On January 6th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 187.19K options for the day, of which put options accounted for 32.16% of the total

Futu News05:30

ETF Flows in 2024: Six Out of 11 Sectors Record Outflows; Bitcoin Sees Highest Inflows

Seeking Alpha00:56

Gold Futures End Lower

BernamaJan 6 21:13

"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."

①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.

cls.cnJan 6 17:49