Gold drops 30% from peak, analyst outlook

The gold market experienced a sharp decline, with metal prices dropping by nearly 30% from a record high of $5,600 per ounce, reaching their lowest level in seven months at around $3,959. Gold is under pressure from rising expectations of a US interest rate hike, compounded by the ongoing increase in the dollar and bond yields, which heightens selling pressures despite attempts to support the price at the $4,000 per ounce level. Experts predict that the price will continue to fluctuate between support and resistance levels, with opportunities for gains in the medium term despite cautious outlooks.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل