In a report released on Tuesday, Jim wycoff, a senior analyst at Kitco, wrote that investors began to reassess risks, partly because the Russian government approved the coronavirus pneumonia-19 COVID-19 vaccine. Although some people are skeptical, so far, the market still thinks that this news may be a very important signal for the future economy.

Rhona O'Connell, an analyst at StoneX, pointed out that the decline of gold price is inevitable, and the international gold price has been in a state of technical overbought in recent years. Although geopolitical tensions have intensified, the price of gold has not risen further, which shows that many supporting factors in the market have been digested.

Extended data:

The price of gold fell below the 1900 mark.

On the evening of August 1 1 Beijing time, the prices of gold and silver plummeted, among which the spot gold price recorded the biggest one-day decline in seven years. Wind data shows that London spot gold closed down 5.7%, while London spot silver closed down 14.96%.

In early trading today, spot gold fell below the $65,438 +0.900/ oz mark. As of press time, London Spot Gold reported 1896. 1 1 USD/oz, and London Spot Silver reported $24.52/oz.

In terms of futures market, the most active gold futures price 1 1 in the New York Mercantile Exchange gold futures market in August dropped by 93.4 USD compared with the previous trading day, and closed at 4.58% USD 1946.3 per ounce, the highest since April of 20 13. COMEX Silver 65438+February contract plunged 13.8% to $25.24 per ounce, the biggest one-day drop since 2008 10.

The east. Com- gold price fell below 1900 mark! What's the big deal?