The price of gold continued to decrease by $9.4, reaching a new low of $1,916.5 per ounce today. The decline in gold prices can be attributed to the lack of supportive factors. The strengthening US dollar and rising bond yields are also putting significant pressure on the precious metal. Over the past few months, gold has demonstrated its ability to recover well.
In the upcoming period, it is possible that the gold market will return to a support level of $1,900 per ounce.
In the upcoming period, it is possible that the gold market will return to a support level of $1,900 per ounce.
