Gold prices took a massive hit yesterday, dropping nearly 3.2% and crashing through the critical $5,000/oz psychological floor. Today, spot gold has seen a modest rebound of about 1.2%, trading near $4,980/oz. Investors are stepping back in after the sharp sell-off, which many analysts labeled as "oversold" territory $XAUT #GateSquare$50KRedPacketGiveaway
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The "Flash Crash" Recovery
Gold prices took a massive hit yesterday, dropping nearly 3.2% and crashing through the critical $5,000/oz psychological floor. Today, spot gold has seen a modest rebound of about 1.2%, trading near $4,980/oz. Investors are stepping back in after the sharp sell-off, which many analysts labeled as "oversold" territory
$XAUT #GateSquare$50KRedPacketGiveaway