Anchor Says | Gold Prices Fall for 8 Consecutive Days! Creating the Largest Single-Week Decline in 43 Years!

“What bull market bear market? I think gold is just a pure monkey market, specifically playing tricks on retail investors.” Gold prices have fallen for eight consecutive weeks, marking the largest weekly decline in nearly 43 years, and the term “golden monkey market” has gone viral on social media.

International gold prices plummeted over 10% this week, with New York gold futures dropping below $4,600 from $5,061, and London spot gold falling below $4,500. Domestic branded gold jewelry also saw a sharp decline, with Chow Tai Fook, Chow Sang Sang, and others dropping below 1,400 yuan per gram, down more than 300 yuan from the peak at the end of January.

Many netizens openly expressed their frustration in interviews, saying they are exhausted by the market swings. “The first thing I do every morning is check the gold price, and I spend the day staring at the charts until my eyes are sore. I can’t sleep peacefully at night!” someone said. “I want to sell but can’t bear to lose, and I hesitate to buy more, fearing it will fall further. My heart jumps with the gold price, and my emotions are all over the place.”

Experts warn that the “monkey market” refers to short-term sharp fluctuations in gold and silver prices, with trading volume also fluctuating greatly. The trend resembles a monkey jumping up and down, and such markets carry extremely high risks. Investors should invest rationally and cautiously, avoiding chasing gains or selling in panic.

(Poster News compiled by Cover News, edited by Li Yizhan, Liu Ze, Feng Hao)