What impact will a sudden plunge in gold have?
Since September 2022, the international gold price has peaked at over 3,500 US dollars per ounce. With the easing of the trade situation and the reduction of other geopolitical risks, the market's risk-averse sentiment has declined somewhat, leading to a decrease in the demand for safe-haven assets such as gold. On the evening of May 14th, the spot gold price continued to decline, falling below $3,180 per ounce and hitting a new low since April 15th.
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