GOLD JUST HAD ITS WORST OCTOBER SINCE 2008‼️
Gold dropped nearly 3% on Friday to around $3,890, almost 28% below its January peak.
Silver also fell below $50 and lost around 18% this month.
Meanwhile, oil keeps rising, inflation remains high, and traders are worried about another Fed rate hike in December.
With AI stocks falling too, big investors may be selling gold and other assets to cover their losses.
I think this could be panic selling rather than the end of gold's long-term rally.
Is this just a temporary dip, or the start of a much bigger market crash?
$XAUT $BTC
Gold dropped nearly 3% on Friday to around $3,890, almost 28% below its January peak.
Silver also fell below $50 and lost around 18% this month.
Meanwhile, oil keeps rising, inflation remains high, and traders are worried about another Fed rate hike in December.
With AI stocks falling too, big investors may be selling gold and other assets to cover their losses.
I think this could be panic selling rather than the end of gold's long-term rally.
Is this just a temporary dip, or the start of a much bigger market crash?
$XAUT $BTC