Guangda Futures: Epic Tremors, Can Gold Return to its Peak?

On the morning of February 2nd, London spot gold opened sharply lower, with the decline at one point expanding to 4%, before rebounding. Last Friday, the nomination of the Federal Reserve Chairman triggered a change in policy expectations, and gold prices accelerated their decline in the overnight session, marking the largest single-day drop in decades. After the historic collapse, CME once again significantly raised the futures margin, increasing gold from 6% to 8%, effective after Monday's close. Market sentiment is rapidly changing, with short-term gold volatility intensifying, so caution is advised when trading.