Analysts: The reason for the sharp short-term drop in spot gold is unclear.

According to ME News, on February 13th (UTC+8), Adam Button, an analyst at the US financial website InvestingLive, stated that the sudden plunge in gold prices was of unknown cause. This move triggered a broad-based rise in the US dollar. The decline in gold prices and the strengthening of the dollar may have been driven by overall risk aversion. US stocks opened relatively flat before falling sharply. The drop in gold prices also sparked speculation about a leaked CPI report, a scenario that could occur after the release of a major report, but I doubt it. Whatever the driving factors behind this move, it exacerbated concerns that "nothing is safe." I believe the trigger was the 12% drop in Microsoft's stock price in one day. Since then, we have seen continuous concerns about industry turmoil. The software industry has been consistently impacted, but now the logistics and transportation industries are also affected. It's possible that someone working as a software engineer was forced to sell their gold positions. (Source: ME)