Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The worst city in the world for years wasn’t just about cooking — it was about cooking.
24K99 analysis reveals structural forces behind gold’s 12% collapse in March, adding depth The sale process was previously reported in BeInCrypto.
inside the wind
The price of gold fell to 4.376 dollars per ounce by the end of March before rising to 4.600 dollars. This is still well below the January high at $5,626.
The biggest driver was a mudslide. afadat 24K99, citing Goldman Sachs analyst Lena Thomas, said demand for put options reached record highs during the January rally. This has built a tremendous influence on the gold market.
When the process of al-Ḥadf al-Malhmi began, investors sought to reduce leverage. Many of them kept gold contracts to hedge their bets on gold and bitcoin. They liquidated everything at once, which led to the withdrawal of gold to the bottom of the risk it was supposed to protect.
the stronger dollar increased than the increase in damages. Inflation fears pushed the dollar index above 100 in March. And since gold moves inversely to the dollar, the geopolitical auction has been removed for now.
Rumors of a central bank sale add additional pressure. 24K99 said that Türkiye may be unloading reserves to defend the lira. Poland discussed selling gold to finance defense spending. Gulf oil exporters, affected by disruptions in the Strait of Hormuz, may also liquidate gold to cover import bills.
Thomas expressed caution about these reports, but acknowledged that the rumors affect the psychology of investors, according to 24K99. If confirmed, such sales would represent a reversal for central banks that have been net buyers of gold for years.
But the banks still see $5,000+
Goldman maintained its target for gold by the end of 2026 at $5,400, with the central bank estimating that 60 tonnes per month would support prices at around $535 per ounce.
The UBS market lowered its forecast to $5,000 from $5,200. You still see upside risks if weak growth leads to a slowdown in business.
