Understanding the Market | Most gold stocks have turned down, spot gold has seen a short-term decline during the session, and the London silver squeeze has raised caution among bulls
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Gold stocks surged in the morning but fell back in the afternoon, with Chifeng Gold down 3.73% and Everest Gold down 3.39%. Spot gold has dropped nearly $20 in the short term, currently reported at $4,208.84 per ounce. International silver prices have risen to a 45-year high due to short squeezes, and caution is advised regarding short-term correction risks. The Shanghai Futures Exchange has restricted a certain company's clients from opening positions in silver futures for one month, and the Shanghai Gold Exchange has reminded members to enhance risk awareness to maintain stable market operations
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