Gold has dropped by 15% this month, with signs of buying on the dip emerging. Buyers are starting to enter the market.
On March 30th, according to Sina Finance, analysts pointed out that after experiencing the most intense decline in many years, speculative buyers are starting to reappear in the gold market, providing some support for gold, although the massive liquidation of global assets continues to put pressure on prices. Due to investors selling off positions to meet additional margin calls related to losses in stocks, bonds, and currencies, gold has already fallen 15% this month, compared to a 19% drop from the high point in January, approaching levels that typically indicate a bear market.
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