Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Analysts say gold price falling below $5,000 triggers a chain sell-off

Analysts say gold price falling below $5,000 triggers a chain sell-off

AIcoinAIcoin2026/02/12 17:36
Show original
After the gold price fell below $5,000 per ounce, selling pressure intensified, and spot gold once dropped to $4,878 per ounce. Fawad Razaqzada, a market analyst at City Index and FOREX.com, stated that the downward movement triggered stop-losses below $5,000, leading to a chain reaction of selling and causing the price to plunge sharply in a short period.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Summary of the Bank of Japan's September meeting opinions: Majority of members advocate for continued rate hikes, some call for acceleration.

The summary of the Bank of Japan's September meeting opinions shows that some policymakers believe it is necessary to accelerate interest rate hikes or bring rates closer to the central bank's "target" as soon as possible, increasing the likelihood of further rate hikes.

智通财经•2026/10/01 03:16