Gold futures plunged more than $ 30, close to $ 1,830 today. Following the fall in silver prices
The price of gold was also pressured by the strength of the dollar. Which reduced the attractiveness of gold By making gold contracts more expensive for holders of other currencies
At 22.21 hours Thai time, the gold contract in the COMEX market (Commodity Exchange) is delivered in February. It fell $ 31.30, or 1.67%, to $ 1,832.60 / ounce.
Silver prices plunged more than 7 percent on the day after the Chicago Mercantile Exchange (CME), the world’s largest commodity and futures exchange. Announces increase of maintenance margin to stop price manipulation of retail investors in the market.
Silver contract prices jumped more than 11%, soaring above $ 30, hitting an eight-year high yesterday. After a group of retail investors on Wall Street turned to silver prices to pressure hedge funds to buy back contracts to cut losses. After selling short before With speculation that silver prices will likely continue in a downtrend
However, after CME announced a 17.9% increase in maintenance margin for the Comex 5000 Silver Futures contract, the retail investor turned to silver today.
Before yesterday’s spinning silver price. Small group of investors in the room WallStreetBets With more than 7.6 million members on the Reddit forum, it has come together to push up the share price of GameStop, the famous US video game store. So that the hedge fund has to re-buy the shares to cut losses. After it had been selling short before, it was speculated that GameStop would soon shut down.
GameStop’s share price jumped 400 percent last week and soared 1,625 percent in January, giving the hedge fund a heavy loss. It is expected to be as high as 19,000 million dollars or about 570,000 million baht.
– .
