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Gold and silver prices decline amid selling wave: Will the downward trend continue?
The wave of selling continues in the gold and silver markets, as gold fund sales in June reached about 2.1 million ounces, and investments worth $8.9 billion have exited gold funds globally, with holdings declining to approximately 4,047 tons. Analysts anticipate continued pressure on prices, as investors watch support levels at $4,100 per ounce, with gold potentially falling below $4,000 if it fails to hold. Reports also indicated that Russia has sold part of its gold reserves in recent months, amid declining industrial demand for precious metals and expectations of ongoing market correction.
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