Spot Gold Plummets, Falls Below $4600 for the First Time

Gold Prices Plunge, Sparking Market Concern

Recently, global financial markets have refocused on the sharp fluctuations in gold prices. Spot gold prices fell below $4,600 per ounce, attracting significant investor attention. The intraday decline reached 6.10%, one of the largest drops in recent years.

Factors Behind the Sharp Drop in Gold Prices

Experts suggest that the decline may be influenced by several factors, including stronger global economic recovery expectations, a rising U.S. dollar index, and concerns about monetary policy tightening.

• The rising U.S. dollar index has weakened gold's appeal
• Declining inflation expectations have reduced safe-haven demand
• Expectations of central bank interest rate hikes are increasing

Despite the short-term price plunge, some analysts believe gold still holds long-term investment value. Investors should remain rational and allocate assets wisely when facing volatile markets.