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#贵金属行情下跌 ​📉 Precious metals "plunging from the high": Is it time to exit or an opportunity?
Recently, the once soaring precious metals market suddenly experienced an "epic" correction! Gold broke below the 5000 level, and silver was even more shaken overnight.
What happened?
Hawkish assault: The nomination of the new Federal Reserve Chair sparked expectations of interest rate hikes, leading to a strong rebound in the US dollar.
Profit-taking: The previous sharp gains prompted many long positions to lock in profits.
Panic selling: Risk aversion cooled down, and technical corrections triggered