Understanding the Market | LINGBAO GOLD fell over 5%, leading the decline in gold stocks. Multiple factors are putting pressure on gold, and the gold price has fallen below the $2,900 mark
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LINGBAO GOLD fell over 5%, leading the decline among gold stocks, as international gold prices fell below USD 2,900, currently reported at USD 2,874 per ounce. Market analysis suggests that the drop in gold prices is influenced by the Federal Reserve's hawkish signals and the easing of geopolitical tensions. Industrial and Commercial Bank of China report indicates that short-term liquidity issues still exist, and market volatility may increase. Dongfang Jincheng expects intensified fluctuations in gold prices by 2025, but still with an upward trend, potentially reaching USD 3,000 per ounce
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