Gold Prices Decline After Two-Day Rally Amid Market Volatility

Gold prices fell after a two-day rally as traders took profits in a volatile market, according to Jin10. Following a historic plunge, the market is still searching for a bottom. In early trading, spot gold dropped 1.4%, falling below the $5,000 per ounce mark before recovering some losses. Since reaching a historic peak on January 29, gold prices have decreased by about 10%, although they have maintained strong gains for the year. Looking ahead, economic data to be released later this week is expected to provide insights into Federal Reserve policy.