00:00It looks like gold prices bounced back during the course of Wednesday trading.
00:05I mean, what's going on here?
00:07Well, the context of what's happening goes back to 2025,
00:13which was the biggest year for the increase in gold prices and silver also.
00:18After not seeing such movements in gold for so many years, like close to 15 years,
00:24the momentum of the increase in prices was picking up, accelerating.
00:30Which invited a lot of speculation, speculators into the gold market.
00:36And a lot of predictions were always circulated about a correction coming.
00:43It wasn't coming. Prices were continued to going up.
00:47Until Friday, where there was somehow a trigger in the market that started some panic.
00:55And it was the worst day for gold in history, the drop more than 30 percent.
01:03Sorry, 10 percent, 30 percent in silver.
01:04After the weekend, Monday, Tuesday, we saw like a V-shaped rebound in prices.
01:14And it stabilized somehow at those levels.
01:18It looks like there is like a shakeup in the risk related to gold trading.
01:27The fundamentals hasn't haven't changed at all before or after those big moves.
01:35Geopolitical tensions are still there.
01:38All the economic uncertainty, financial market, things not being clear about the U.S. policies related to tariffs have always been there.
01:52Political, the geopolitical, the Venezuela, Iran, Russian war, all been there.
02:00So it's not the factor only driving gold prices up or down.
02:06The speculation weight in the market has taken the driver's seat and pushing the prices.
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