Gold Prices Continue to Fall, Witness Another Major Drop Today
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4 Articles
Gold Price Today: Here’s Why Gold Is Crashing As China’s Buying It
Gold traders often try to catch the next move before prices make their direction obvious. Getting the setup right can help them understand whether a drop could lead to a recovery or whether further losses remain possible. China’s continued purchases make the latest gold selloff particularly interesting. Gold price has fallen toward $4,000 despite China’s
According to expert Justin Lin, gold is facing a "liquidity sell-off," a phenomenon that occurs when the market experiences a sharp decline because gold is a good source of liquidity. Gold prices fell to their lowest level in over two months. Domestic gold prices declined, with a difference of up to 16 million VND compared to the world market. Gold prices recovered after hitting a near-week low.
World gold prices plummeted to near the $4,000/ounce mark on the morning of October 23, losing more than $100/ounce in a single day. Domestically, SJC gold bars maintained their selling price at 142.3 million VND/ounce.
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