Lates News

After more than two years of significant growth, gold is currently experiencing a fierce battle between long and short positions. In recent times, driven by the trend of "de-dollarization" and geopolitical tensions, the gold market has seen extreme volatility. On April 22nd, the international gold price broke through the $3500 per ounce mark to reach a new all-time high, but soon after it plunged into a huge shake-up. By April 25th, the international gold price had fallen back to around $3330 per ounce, dropping nearly 7% in just three trading days from its peak. Behind the violent fluctuations, gold assets are standing at a crucial crossroads. Some fund managers who have held gold stocks for many years have triggered discussions by selling off their positions, while others are choosing to enter the market at high levels without fear. A silent battle between offense and defense in the gold market is quietly unfolding. (Securities Times)