Physical gold has recently shown weakness. It is trading at $4,845.07 per ounce, reflecting a short-term decline of about $40. This price adjustment is linked to international political situations, with the impact likely stemming from former President Trump's statement that he would not use force to occupy Greenland. As geopolitical tensions ease, the demand for gold as a safe-haven asset has temporarily decreased. The $40 drop demonstrates significant short-term volatility in the spot gold market, and price fluctuations are expected to continue depending on the development of political issues. (Odaily, Jin10 data source)
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Physical gold has recently shown weakness. It is trading at $4,845.07 per ounce, reflecting a short-term decline of about $40. This price adjustment is linked to international political situations, with the impact likely stemming from former President Trump's statement that he would not use force to occupy Greenland. As geopolitical tensions ease, the demand for gold as a safe-haven asset has temporarily decreased. The $40 drop demonstrates significant short-term volatility in the spot gold market, and price fluctuations are expected to continue depending on the development of political issues. (Odaily, Jin10 data source)