$BTC 🔻 Gold loses 200 dollars in one day
⭕ Gold prices decline by more than 200 dollars in less than 24 hours, from historical levels of 3500 to 3291 dollars per ounce
⭕ The declines raise questions about their implications, is it a temporary disturbance or an indicator of a deeper flaw in the global market?
⭕ Backwardation: This is a situation where the spot price of the commodity is higher than the futures price, indicating high immediate demand, which means that investors prefer to obtain gold now rather than delay its receipt, fearing a shortage of supply or the worsening of crises.
