Gold is in a free state
Uppdaterad
World gold price is at 2,415 USD/ounce, down sharply by 20 USD/ounce compared to the same morning. Yesterday, gold was sold on a large scale, causing the price of this precious metal to drop sharply to only 2,364 USD/ounce. However, gold regained its speed quickly and recovered to the price range above the important level of 2,400 USD.
Although considered a safe haven in times of uncertainty, experts said gold was not immune to reselling on Monday as advisors sold assets on a large scale. According to Kitco Metals senior analyst Jim Wycoff, investors are scared and they are selling what they can, including gold and silver.
Although it has dropped sharply, according to experts, in the short term, factors supporting gold prices such as persistent economic and political instability as well as expectations that the US Federal Reserve (Fed) will cut Interest rates will help get back up to speed faster.
Although considered a safe haven in times of uncertainty, experts said gold was not immune to reselling on Monday as advisors sold assets on a large scale. According to Kitco Metals senior analyst Jim Wycoff, investors are scared and they are selling what they can, including gold and silver.
Although it has dropped sharply, according to experts, in the short term, factors supporting gold prices such as persistent economic and political instability as well as expectations that the US Federal Reserve (Fed) will cut Interest rates will help get back up to speed faster.
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