The fall in gold prices triggered a sell-off, with analysts calling profit-taking a healthy adjustment
2025-09-24 19:30:44
On September 25th, the price of gold in the US market continued to fall back, falling below $3,720/oz. Analyst Adam Button said: "The main theme of the global market today is profit taking, and some of the strongest performing assets this year are starting to fall back. Technology stocks, short positions in the US dollar, and some other high-flying assets are all showing similar trends. The most amazing gains this year have been gold, which has risen by nearly 50%. < b > Every time the price of gold has fallen by $50-60 (sometimes even smaller) in the past month, it has triggered strong bottom fishing buying , driving the rally to continue. This trend will be tested again this week. I think the drop below $3,750 triggered some selling, which is a completely healthy correction. The market needs to consolidate at least before it can hit the $4,000 mark. In addition, we have seen some aggressive buying in gold company stocks over the past week, which shows that retail investors are finally starting to join the gold feast. "
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