Gold drops sharply after US labor figures

Last night, $GLD was heavily sold off. From yesterday's close of 371.52 baht, today it dropped to around 370.54 baht after the US labor figures came out better than expected, leading the market to interpret that the Fed might not rush to cut interest rates. Those holding gold at this time will probably have to brace themselves. Personally, I think gold might remain volatile for a while longer. If anyone wants to buy, it's probably better to wait for a good opportunity or for the situation to become clearer.