Fri, 28 Feb 2025 — Gold prices saw a significant drop today as investors cashed in for profit, aligning with a trend of weak long liquidation. This downturn, reported by Kitco NEWS, comes as a sharp contrast to the bull market’s recent rise on increasing global economic instability. nnThe gold market is characterised by it’s volatility and this recent drop in prices can be attributed to profit-taking activities from investors. They are selling off their position with the goal of capitalizing on recent price increases. Furthermore, there seems to be a weakened long liquidation where investors are unwinding their long positions which also played a role in driving the prices down.nnHowever, long-term investors need not fret as fluctuating prices are a typical feature of the gold market. With ongoing economic uncertainties, experts anticipate that gold will resume its upward trajectory. More insights on the gold market are available at Kitco NEWS. Read More
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