ChainCatcher News, financial website investinglive analyst Adam Button stated that, for now, the feast of precious metals has come to an end and is considered unprecedented.
As for gold, I find it hard to imagine its price falling below $4000. If it really drops to that level, I think some well-funded investors will step in to buy, but I wouldn’t make any rash statements before that. For holders? It’s a tricky decision. Such market conditions could improve rapidly or experience significant volatility, and making panic decisions during Friday’s after-hours trading is definitely not wise.
Will we see a further sell-off similar to “Black Monday”? Personally, I believe that unless there is some trigger beyond the Iran deal, such a scenario is unlikely to occur. (Jin10)
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The analyst states: The precious metals feast has ended, marking an unprecedented and once-in-a-lifetime event.
ChainCatcher News, financial website investinglive analyst Adam Button stated that, for now, the feast of precious metals has come to an end and is considered unprecedented.
As for gold, I find it hard to imagine its price falling below $4000. If it really drops to that level, I think some well-funded investors will step in to buy, but I wouldn’t make any rash statements before that. For holders? It’s a tricky decision. Such market conditions could improve rapidly or experience significant volatility, and making panic decisions during Friday’s after-hours trading is definitely not wise.
Will we see a further sell-off similar to “Black Monday”? Personally, I believe that unless there is some trigger beyond the Iran deal, such a scenario is unlikely to occur. (Jin10)