Jin10 data reported on November 5, gold futures further fell below the $4000 per ounce mark, with some analysts calling this downward trend a “correction.” RJO Futures analyst John Caruso stated in a report: “I believe this is a 'half-time break,' but I also acknowledge that the adjustments may deepen further in the short term.” However, Caruso emphasized that after this pressure passes, prices may further rise, and currently, there is no indication that gold prices have bottomed out.
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Gold prices fell below $4000/ounce, analysts call it a "correction".
Jin10 data reported on November 5, gold futures further fell below the $4000 per ounce mark, with some analysts calling this downward trend a “correction.” RJO Futures analyst John Caruso stated in a report: “I believe this is a 'half-time break,' but I also acknowledge that the adjustments may deepen further in the short term.” However, Caruso emphasized that after this pressure passes, prices may further rise, and currently, there is no indication that gold prices have bottomed out.