GOLD: Exhibited a Dramatic "V"-shaped Recovery During the Session
Hello everyone! Today i want to share some macro analysis with you!
$XAU/USD(XAUUSD.FOREX)$$Gold - main 2604(GCmain)$On Monday (March 23), international gold prices rebounded strongly after a sharp sell-off overnight, exhibiting a dramatic "V"-shaped recovery during the session.
US President Trump initially threatened to strike Iranian power infrastructure if Iran did not reopen the Strait of Hormuz within 48 hours, a statement that triggered a nearly 9% overnight plunge in gold prices.
However, Trump later stated that the US was engaged in "productive" communication with Iran and would postpone any potential strikes, prompting gold prices to quickly recover most of their losses.
However, Iran subsequently denied any talks between the two sides, causing market sentiment to fluctuate again.
Analysts pointed out that although gold has rebounded significantly from its lows, it remains highly vulnerable in the short term due to a stronger dollar, rising energy prices, and a reassessment of global interest rate expectations.
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