Gold's pullback triggers sell-off, analysts say profit-taking is a healthy correction
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最新报道：According to Bijie.com, gold prices continued to decline in the US market, falling below $3,720 per ounce. Analyst Adam Button stated, "The dominant theme in global markets today was profit-taking, with some of the year's strongest performing assets beginning to retreat. Tech stocks, short positions in the US dollar, and other high-flying assets all showed similar trends. Gold has seen the most impressive gains this year, with a cumulative increase of nearly 50%. Over the past month, every $50-60 drop in gold prices (and sometimes even smaller) has triggered strong bargain-hunting buying, fueling further gains. This week will test that trend again. I believe the drop below $3,750 triggered some selling, which is a completely healthy correction. The market needs to at least consolidate before a potential push towards $4,000 is possible. Furthermore, we've seen some aggressive buying in gold company stocks over the past week, suggesting that retail investors are finally joining the gold frenzy."
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