Gold prices plunged over $40 in the Asian session! FXStreet analyst provides technical analysis of gold prices, focusing on key resistance and support levels.

During the late Asian session on Thursday, spot gold maintained a significant intraday pullback, with the price currently near $4,585 per ounce, plunging over $40 on the day. Akhtar Faruqui, an analyst at FXStreet, noted that gold prices retreated after hitting a record high of $4,643 per ounce in the previous trading session.

FX16813:55

Silver's bull market frenzy encounters a 'tariff-induced cooldown'! Speculative forces trigger a selling spree, causing silver prices to plummet by over 7% at one point.

Silver prices plummeted after Trump postponed the imposition of tariffs on critical minerals. Following a surge to record highs, silver prices experienced a significant retreat due to the U.S. decision to postpone tariffs on critical mineral imports, with platinum and palladium prices also witnessing substantial declines.

Zhitong Finance12:48

Gold Trading at a Record High Amid Geopolitical Turmoil, Even With U.S. Dollar Mostly Steady

MT NewswiresJan 14 22:17

Gold and silver continue their upward momentum! The price of gold may break through $5,000 per ounce in the next three months.

① Gold prices have surged past $4,600 per ounce. The strong rally at the beginning of the year has been driven by concerns over the Federal Reserve's independence, ETF and central bank gold purchases, and the U.S. fiscal deficit, among other factors; ② Silver prices have risen by 28.5% this year, primarily fueled by safe-haven demand; ③ Citi forecasts that gold's target price for the next three months will be $5,000 per ounce and silver's at $100 per ounce, but a pullback may occur after reaching these highs.

cls.cnJan 14 18:20

Express News | Spot gold surged by $50 intraday, hitting a new record high.

BreakingsJan 14 13:05

Gold up 7%, silver up 25%! With January not yet halfway through, the bull market for precious metals is once again dominating headlines.

① As a flurry of political, economic, and geopolitical news emerged from Washington, investors' thoughts of taking profits or catching their breath in the precious metals market vanished instantly; ② This inevitably brings to mind Lenin's widely quoted remark: 'There are decades where nothing happens, and there are weeks where decades happen.'

cls.cnJan 14 11:39