Gold prices displayed significant volatility on January 14 following the announcement of U.S. macroeconomic indicators, with spot on gold exhibiting pronounced trading swings in a compressed timeframe. According to Jinshi Data, the precious metal initially faced selling pressure before mounting a sharp recovery, capturing a movement of approximately $10 between its intraday low and subsequent rebound. This trading pattern reflects market participants' reactions to the American economic data release, which prompted rapid position adjustments across precious metal holdings. The spot on gold market ultimately stabilized around $4,633 per ounce, maintaining strength after the morning's volatility. Such price gyrations in spot on gold underscore the sensitivity of the precious metals complex to macroeconomic news flow, with investors reassessing their bullion exposure in light of fresh economic metrics from the U.S.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)