For example, the Bank of China suspended the purchase of gold, and the price of gold immediately plummeted, setting the lowest closing price in three months.

Sino-US trade has made positive progress and the US dollar has strengthened. On Thursday, the price of gold closed down nearly 2%, the lowest level in more than three months. On Thursday, the price of gold futures for June 5438+February delivery in the New York Mercantile Exchange fell sharply, hitting a five-week low of 65438+ 10/to 1 460.43 USD/oz, down more than 30 USD from the intraday high. After a night's plunge, the gold bulls were badly hurt, and it seems that they have not recovered from the "pain". In the Asian market early on Friday, the price of gold temporarily rebounded from the low point, but then there were signs of retracement again.