Rewritten Title:
“Earthquake Scam Shakes Gold and Currency Markets: Hackers Target Traders”
Market Volatility: Gold Dips as Currency Rises
Today’s market trends reversed Tuesday’s movements, with the dollar and gold coin prices climbing while gold bullion dropped to a support threshold. Analysts point to two key factors behind gold’s decline.
Why Gold Prices Fell
Market Correction: On Tuesday, currency and gold coin markets dipped, but gold bullion remained stagnant, inflating its price bubble. By Wednesday, the delayed reaction set in, causing a drop in bullion prices and reducing the bubble.
Blocked Market Dynamics: In a “blocked” market scenario, sellers gain the upper hand, leading to increased gold sales on Wednesday.
Hackers Exploit Earthquake Scare
Traders issued urgent warnings about a phishing scam linked to a fake video titled “8.5 Magnitude Earthquake in Bangkok.” The malicious link, when opened, reportedly hacked bank accounts of several traders. Authorities are yet to confirm the scale of the breach.
For detailed updates on today’s currency and gold coin markets (July 8, 2024), follow “Market Floor.”
