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Today's gold price plummeted and fell by $45 overnight, will gold prices reverse or continue to fall?

author:Ziyuan TAlk

What's wrong with the price of gold? It plummeted 45 dollars in one night, like a rocket, and went straight to the $2,300 mark!

Today's gold price plummeted and fell by $45 overnight, will gold prices reverse or continue to fall?

No, two nights ago, the international gold price suddenly fell ill, like a madman, and fell by $45 in one go, a decrease of 1.9%, to below $2,300 an ounce. If this is left in the stock market, this is the rhythm of the 1,000-share drop limit! The domestic gold market has also suffered, and the price of gold has fallen below 540 grams at one point. Alas, this is called a pain, it really hurts!

Today's gold price plummeted and fell by $45 overnight, will gold prices reverse or continue to fall?

This sudden plunge really made the hearts of those who invested in gold go up and down. Is this gold going to reverse the car to pick people up, or is it going to go all the way south without looking back? Look at this posture, it's going to hit the rhythm of people's hearts.

Not to mention that this matter really confused market analysts. Some masters feel that this is a temporary adjustment, and there is no big problem with the fundamentals of gold, but a group of investors want to exchange some money and spend money. According to them, when the fall is enough, naturally some people will be greedy and flock to the bottom, and the gold price will be able to jump up!

Today's gold price plummeted and fell by $45 overnight, will gold prices reverse or continue to fall?

But there is another group of analysts who think otherwise. They think that this plunge is related to short-term market fluctuations and changes in investor sentiment. Now that the global economy has not eased up, the risk is great, maybe investors are nervous, throw away gold and run away from other safe-haven assets, then the price of gold must not continue to suffer?

Today's gold price plummeted and fell by $45 overnight, will gold prices reverse or continue to fall?

The price of gold has fallen, but it can make those girls who plan to buy jewelry happy. Many big brands saw this posture and quickly launched discount promotions, hoping to take the opportunity to attract customers and increase sales. But the question is, are these discounts enough? Can the little fairies chop their hands to their heart's content? It will have to be seen.

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