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Gold prices plummet... End-of-year liquidity shortage and the impact of the dollar rebound
Source: TokenPost Original Title: Gold Prices Plunge… End-of-Year Liquidity Shortage and Dollar Rebound Impact Original Link: https://www.tokenpost.kr/news/breaking/319299 International gold prices hit a record high last week, then experienced a sharp decline on the 30th (local time). Spot gold prices temporarily fell to around $4,300 per ounce. As the year-end holiday approaches, market liquidity decreases, profit-taking sell-offs surge, and the upward trend of recent months enters a correction phase. Additionally, the recent slight rebound in the dollar has also put downward pressure on gold prices.
However, the market is more focused on the future direction of gold prices. Some analysts believe that the expectation of the Federal Reserve easing monetary policy starting next year remains valid. Especially against the backdrop of increasing controversy within U.S. politics over the independence of the Federal Reserve, future market demand for safe assets like gold is expected to continue.