Gold fell below $4,900, down 0.73% on the day, reflecting a shift in market sentiment

LiquidatedAgain · 2026-01-29T23:00:38+00:00

Spot gold fell below $4,900 today, down 0.73% in a single day. Weak market demand and investor profit-taking have pushed gold lower, while the strength of the US dollar and changes in interest rates have weakened its safe-haven appeal. The decline in gold indicates that investors' risk appetite has risen, market sentiment has warmed, and future trends will be affected by multiple factors.

LiquidatedAgain

2026-01-29 23:00:38

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The spot gold market was under pressure, falling below the psychological level of $4,900 per ounce during today’s session, with a single-day decline of 0.73%. According to NS3, this round of gold decline reflects a significant weakness in market demand for precious metals, and also shows that investors’ profit-taking sentiment is heating up.

Weak demand and technical profit-taking pushed gold lower

The decline in gold is not an isolated phenomenon. Factors such as the current strength of the US dollar and the adjustment of interest rate expectations have weakened gold’s safe-haven appeal. In addition, after experiencing the early gains, long investors chose to take profits at key prices, forming technical selling pressure. This profit-taking behavior is more common in the precious metals market and usually signals short-term correction pressure.

The halo of safe-haven assets has faded, and market risk appetite has risen

The weakening of gold prices directly reflects changes in investors’ risk appetite. When economic expectations improve and market sentiment warms, demand for safe-haven assets tends to decline. This loss below $4,900 suggests that the market may be shifting from risk aversion to risk-tolerant mode. The future trend of gold will depend on multiple factors such as macroeconomic data, central bank policy trends, and geopolitical situations.

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