Editor’s Note
This article discusses a significant 5% drop in gold prices, the largest single-day decline in two months, amid a broader sell-off in precious metals. The views expressed are based on market data and investor commentary, and the volatility highlights the inherent uncertainties in commodity markets. Readers should conduct their own research before making any investment decisions.
![금값 강세 지속 가능성에 대해 전문가들의 의견이 엇갈리고 있다. [사진: 위키미디어]](https://cdn.digitaltoday.co.kr/news/photo/202512/617394_571380_5119.jpg)
Gold prices plummeted by 5%, recording their largest single-day drop in two months. According to blockchain media BeInCrypto on the 29th (local time), international gold prices fell sharply by about 5% amid a broad sell-off in precious metals, with silver, platinum, and palladium also declining in tandem. Opinions among investors are divided on whether this adjustment is temporary or the start of a new market trend.
On that day, gold fell more than 5%, marking its largest decline since late October. Silver, which had soared to around $84 during the session, closed at $70.5, a sharp drop of 16%, while palladium and platinum fell by similar margins. In contrast, Bitcoin rose to as high as $90,000 and Ethereum to $3,000 on the same day, leading a rebound in the cryptocurrency market. Some analysts interpreted this as a sign of “funds moving from precious metals to cryptocurrencies.”
However, the downtrend in the precious metals market did not last long. Gold rebounded by 1% the next day, while silver rose 3% and platinum gained 2.6%, showing signs of recovery. Meanwhile, the total market capitalization of the cryptocurrency market decreased by 0.13% within 24 hours, showing an opposite trend.
Some analysts believe the drop in gold prices is merely a temporary correction and will not disrupt the long-term uptrend. In fact, since the 2008 financial crisis, gold has traded above its 200-day moving average for 750 consecutive trading days, and the current rally has continued for a comparable 550 trading days. Currently, gold prices are up 135%, showing strength that surpasses previous bull cycles.
On the other hand, some voices in the market suggest the possibility of asset rotation. Cryptocurrency analyst Michaël van de Poppe noted the emergence of a bullish divergence on the daily Bitcoin/Gold chart, analyzing that Bitcoin is likely to outperform gold in the future.