š Goldās Rally Hits a Pause ā Largest One-Day Drop in 12 Years! š„
After months of relentless gains, gold has finally cooled off, tumbling 6.3% in a single session, while silver sank 8.7% ā marking their steepest declines in over a decade.
š What Triggered the Drop:
Improved U.S.āChina relations eased geopolitical tension, softening safe-haven demand.
A stronger U.S. dollar made bullion more expensive for global buyers.
Technical exhaustion and overextended long positions sparked aggressive profit-taking.
Indiaās seasonal demand slowdown added to the weakness.
U.S. government shutdown disrupted key economic data releases, fueling short-term uncertainty.
š¬ āThis correction reveals the marketās true resilience ā long-term demand remains robust,ā said Ole Hansen, Head of Commodity Strategy at Saxo Bank.
š The question now ā is this the end of goldās rally, or merely a healthy correction before the next leg higher?
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