Reasons for the sudden drop in gold

1. Strengthening of the US dollar and US Treasury yields
Better-than-expected US economic data has delayed the market's expectations of Fed rate cuts, increasing the opportunity cost of holding gold. Funds have shifted to the dollar and US Treasuries, directly suppressing gold prices.
2. Cooling of risk aversion sentiment
Geopolitical and financial risks have eased, leading risk-averse funds to withdraw from gold and move into risk assets.
3. Technical breakdown + capital stampede
Gold prices broke through key support levels, triggering a large number of stop-loss orders. Coupled with ETF reductions and institutional sell-offs, the decline was amplified.
4. Weak physical demand
Main consumer countries' physical gold purchases are insufficient to provide effective support.

Watch for 4410 tonight; if it cannot hold or if a double bottom occurs#Gate正式接入Polymarket