Yesterday, international spot gold once erased its gains for the year.

NightAirdropper · 2026-03-24T07:02:47+00:00

On March 23rd, international spot gold prices fell sharply, dropping to $4098.25 per ounce at one point, before quickly rebounding above $4400 per ounce. The Shanghai Gold Exchange reminded members to pay attention to market risks and prepare contingency plans, recommending that investors rationally control their positions.

NightAirdropper

2026-03-24 07:02:47

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This article is reprinted from Yangtze Evening News

Yangtze Evening News Reporter Ma Yan reports: On Monday, March 23, international spot gold prices experienced a sharp crash right at the opening, wiping out all gains since 2026. On that day, spot gold prices continuously fell below $4,400, $4,300, $4,200, and $4,100, reaching a low of $4,098.25 per ounce. Then, a “V” shape recovery occurred, gradually regaining important levels. By 19:16 Beijing time, prices had recovered above $4,400 per ounce.

On the same day, the Shanghai Gold Exchange issued a notice titled “On Strengthening Market Risk Control Measures,” stating that recent precious metal price fluctuations have significantly intensified. All member units are advised to closely monitor market changes, prepare detailed emergency risk plans, and maintain market stability. Investors are also reminded to manage risks properly, control positions reasonably, and invest rationally.

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