With rising interest rates, overpowering dollar, tightening monetary policies, energy price woes, risk to a global recession, economic slowdown, Russia-Ukraine war crisis and devastating inflation. Uncertainty is here to stay and Gold might not be ready for price stabilisation.
All the above factors might as well weigh in the precious metal and might drive prices further down
My opinion is that the next Lowe price for gold to hover around is $1650 and not until global economy indicates signs of recovery, gold might further plunge to below 4 year highs.
All the above factors might as well weigh in the precious metal and might drive prices further down
My opinion is that the next Lowe price for gold to hover around is $1650 and not until global economy indicates signs of recovery, gold might further plunge to below 4 year highs.