Gold prices dip are short-term World Gold Council
The World Gold Council stated that the current decline in gold prices is a temporary correction and does not indicate the start of a long-term downtrend, despite current pressures. The rise of the dollar index by 0.8% and decreased demand in China and India have led to lower prices, while markets await American inflation data and possible Federal Reserve policy changes. Nevertheless, fundamental factors such as central bank purchases and geopolitical risks remain supportive of gold in the long term.
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