ME News reported on February 13 (UTC+8) that Adam Button, an analyst from the American financial website investinglive, stated that gold prices plummeted suddenly for unknown reasons. This led to a comprehensive rise in the dollar. The drop in gold prices and the strengthening of the dollar may be triggered by overall risk-averse sentiment. After the US stock market opened nearly flat, it subsequently fell sharply. The drop in gold prices also sparked speculation about leaks from the CPI report, and this decline might occur after the release of a hot report, but I am skeptical about it. Regardless of the driving factors behind this move, it has intensified people's concerns that 'nothing is secure.' I believe the catalyst was Microsoft's stock price falling 12% in a single day. Since then, we have seen continuous concerns about industry turmoil. The software industry has been under constant pressure, but now the logistics and transportation sectors are also being impacted. It is possible that someone working as a software engineer was forced to liquidate their gold positions. (Gold Ten) (Source: ME)
