Gold prices fell, triggering selling; analysts say profit-taking is a healthy adjustment.

Jin10 data reported on September 25: The gold price in the US market continues to fall, breaking below $3720/oz. Analyst Adam Button stated, “The main theme in global markets today is profit-taking, and some of the strongest performing assets this year are starting to pull back. Tech stocks, dollar short positions, and other high-flying assets are showing similar trends. The most astonishing rise this year has been in gold, which has accumulated an increase of nearly 50%. Over the past month, each time the gold price drops by $50-60 (and sometimes even less), it triggers strong buy the dip interest, continuing the upward momentum. This trend will be tested again this week. I believe that breaking below $3750 has triggered some selling, which is completely a healthy adjustment. The market needs to consolidate at least before it may hit the $4000 mark. Additionally, in the past week, we have seen some aggressive buying in gold company stocks, indicating that retail investors are finally starting to join this gold feast.”