Gold prices suddenly plunged sharply, dropping to the level of US$4,900 in one trading day.
This decline was triggered by better-than-expected US unemployment data, leading the market to immediately reduce expectations for interest rate cuts in the near future.
Pressure intensified after gold prices broke through the psychological barrier of US$5,000.
Many investors placed stop losses below that level. Once breached, massive sell-offs occurred rapidly, pushing prices down further.
Now, market attention is focused on US inflation data (CPI) to be released today.
📌 If inflation decreases → the possibility of interest rate cuts reopens & gold has the potential to rebound.
📌 If inflation remains high → pressure on gold may continue.
Current gold movements are very sensitive to interest rate policies and the direction of the US dollar.
Is this just a healthy correction or the beginning of a deeper downtrend?
Share your opinion in the comments below 👇
Disclaimer: This post is for educational purposes only, not an invitation to buy or sell investment assets.
