Gold Market Experiences Sharp Fluctuations: Rebound Followed by a Significant Dive, Stabilizing and Rebounding in Early Asian Trading.



After technical rebounds on Tuesday and Wednesday, London spot gold saw a sharp correction on Thursday, falling below $4,500 per ounce, with selling pressure continuing, and prices dropping to $4,350.52 per ounce, a single-day decline of over 3%, erasing most of the previous rebound gains.

According to Wind data, at the close on March 26, London spot gold closed at $4,379.68 per ounce, down 2.79%; the main COMEX gold futures contract in New York fell 3.85% to $4,376.90 per ounce. Market panic selling and stop-loss orders triggered increased volatility.

In the early Asian trading hours on March 27, gold prices found support from buying, stabilized, and moved higher. Short-term bulls and bears are engaged in intense competition, and market sentiment has returned to rationality.
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