Get News Fast
Supporting the oppressed and war-torn people of Gaza and Lebanon

Where is the world price of gold going?

In a poll, Kitko's analytical site said 61 percent of experts believe that world gold prices will continue to rise this week.

report Mehr News Agency has been divided into two categories despite the gold market drop. Some believe that the decline is temporary and is due to the decline in stock markets. Other experts expect the short -term drop in the gold market to continue.

World gold and other markets have fluctuated this week due to the shock of Donald Trump’s new commercial tariffs. Investors in the precious metal last week because of Trump’s economic decision tried to sell some of their gold so that they could invest in the stock market again. This has led to the global price of gold.

But under these conditions, Kitko’s site wrote in a report that the initial optimism about the tariffs would be limited to the growth of precious gold and metals markets. The moment’s moment in the recent trading week began its work at less than $ 5 and then peaked with Trump’s statement on Wednesday to $ 2. The precious metal then fell to the lowest weekly level of $ 5, as the fear of tariffs and a broader drop in stock markets also spread to the gold market.

Gold price trends indicate uncertainty worldwide. In , while the gold markets in Asia and the US initially reinforced gold, the reaction of European markets caused sharp declines.

When gold and silver were excluded from tariffs, gold prices were stabilized for a short time. However, the sharp drop in Western stock markets has led to a greater fluctuation of the precious metal market and increased the pressures of lowering prices. Also, the lack of an urgent intervention by the Federal Reserve further undermined investors’ confidence and led gold to reach its low level of weekly.

Despite the gold market drop, experts are divided into two categories. Some believe that the decline is temporary and is due to the decline in stock markets. They expect hunters to return and raise prices.

Other experts expect the short -term drop in the gold market to continue; However, the long -term upward perspective remains intact due to geopolitical and economic risks.

Market experts refer to a strong “fear factor”, which causes the price of yellow metal more than technical and fundamental analysis. Analysts such as Darin News and James Stanley see gold as a safe asset, in the midst of the growing market crisis.
Others like Kevin Grading say that the market needs time to digest recent shocks, and before the gold correlation of the stock markets, there is a possibility of lower price reduction.

This week, four analysts attended the Kitko Gold Survey News, and Wall Street changed his way after his remarkable uptrend last week. Five analysts, or 5 %, expect gold prices to rise once again in the new trading week, while Eight experts or 5 % predict yellow metal prices will be further reduced. The remaining three remaining analysts, or 5 % of the total, expect the price of gold to be stabilized at its low levels.

, however, 2 votes were recorded in Kitco’s online poll, and micro -investors’ emotions have just declined slightly compared to last week. Micro -investor or 5 % predicts gold prices will rise in new trading week, while Span> ‘s microdes, or 2 % expect this precious metal to decline in prices. The remaining micro -investors or 5 % of the total expectation of gold prices in the trading week.

کیتکو 17 فروردین

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars Safe investment in the Islamic Republic of Iran

Leave a Reply

Your email address will not be published. Required fields are marked *

five × 4 =

Back to top button