Spot gold drops sharply in the short term, analysts say the reason is unclear.

Adam Button, analyst at the American financial website investinglive, stated that the sudden plunge in gold prices is unexplained. This has led to a broad-based rise in the US dollar. The decline in gold prices and the strength of the US dollar may be due to overall risk aversion sentiment. After the US stock market opened relatively flat, it later plunged significantly. The drop in gold prices also triggered speculation about leaked CPI reports, which may occur after the release of popular reports, but I am skeptical of this. Regardless of the driving factors behind this action, it has heightened concerns of "everything being unsafe." I believe the trigger was the 12% drop in Microsofts stock price in one day. Since then, we have seen continued concerns about industry turmoil. The software industry continues to be impacted, but now the logistics and transportation industries are also affected. It is possible that someone working as a software engineer was forced to sell off their gold positions.