April Gold futures declined significantly, marking the lowest intraday level since early February. The sell-off coincided with the Chinese Lunar New Year, a period historically associated with reduced physical demand and lower liquidity from Asian markets following pre-holiday buying. Additionally, a stabilizing U.S. Dollar exerted pressure on the precious metal, as currency strength raised the opportunity cost for foreign buyers. The combination of seasonal holiday lulls and macroeconomic currency headwinds contributed to the bearish session in the metals complex.
https://www.cmegroup.com/markets/metals.html
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https://www.cmegroup.com/markets/metals.html
#gold #futures #metals