Recently, the international gold price has fluctuated sharply, and investors’ moods seem to have taken a roller coaster ride.
Since breaking through the historical high of $3,500 per ounce on April 22nd, the international gold price has been falling all the way to around $3,120 per ounce. After that, the international gold price rebounded again.
According to CCTV Finance, the international gold price dropped on Monday (May 26th). The June gold futures price on the New York Mercantile Exchange fluctuated between $3,330 and $3,350 per ounce throughout the day, slightly down from the previous trading day’s closing price.
Even seasoned investors who are accustomed to the ups and downs have exclaimed, “The market is so thrilling,” in the face of this round of “gold shock.”
Why has the gold price fluctuated so sharply recently? How might the future trend change? Chao News reporters interviewed several senior industry insiders.
Emotions fluctuate along with the gold price.
In March this year, Zhu Hua (a pseudonym), a 00s young man from Hangzhou, opened his first gold investment account and purchased a sum of accumulated gold. However, from May 13th to 15th, within just three days, the account suddenly saw a profit of over 3,000 yuan drop to a loss of over 6,000 yuan. I had the pain to clear my position, but the gold price kept rising. I couldn’t resist adding more investment. Zhu Hua has recently witnessed the gold price continuously “turning red”, feeling a mixture of emotions.