🟨 Gold Retreats Below $5,000 Amid Market Volatility After Historic Rally
Gold prices fell below $5,000 per ounce following a historic rally, as investors engaged in profit-taking amid persistent market volatility. Despite short-term weakness, gold remains supported by central bank demand, geopolitical risks, and safe-haven appeal.
Key Facts:
• Gold slipped ~1.4%, testing below $5,000 per ounce before trimming losses
• Silver also weakened, continuing its recent correction alongside gold
• Goldman Sachs Panic Index hit near “max fear,” highlighting elevated market stress
• Profit-taking and technical rebalancing drove the short-term pullback, not a structural breakdown
Expert Insight:
While gold shows short-term volatility, strong fundamentals and institutional demand suggest the metal may stabilize above key support levels, attracting dip buyers in the coming sessions.
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