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Gold suddenly plummeted again! The price of gold is approaching important support FXStreet's chief analyst warns of a major break in the market
In the Asian market on Thursday, spot gold suddenly fell rapidly in the short term. The price of gold had just fallen below the 2,330 US dollars/ounce mark, falling sharply by nearly 10 US dollars during the day. FXStreet chief analyst Valeria Bednarik pointed out that the price of gold is approaching the support level of 2325.30 US dollars/ounce. Once it falls below this level, the gold price may decline even more sharply in the future.