Odaily Planet Daily reports that analyst Adam Button from the financial website investinglive stated that, for now, the feast of precious metals has ended and is considered unprecedented. Regarding gold, I find it hard to imagine its price falling below $4,000. If it truly drops to that level, I believe some well-funded investors will step in to buy, but I wouldn’t make a rash statement 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 evening trading is certainly unwise. Will we see a further sell-off similar to “Black Monday”? Personally, I think unless there is some trigger beyond the Iran deal, such a scenario is unlikely to occur.
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The analyst: The precious metals feast has come to an end, marking an unprecedented and unparalleled event in the market.
Odaily Planet Daily reports that analyst Adam Button from the financial website investinglive stated that, for now, the feast of precious metals has ended and is considered unprecedented. Regarding gold, I find it hard to imagine its price falling below $4,000. If it truly drops to that level, I believe some well-funded investors will step in to buy, but I wouldn’t make a rash statement 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 evening trading is certainly unwise. Will we see a further sell-off similar to “Black Monday”? Personally, I think unless there is some trigger beyond the Iran deal, such a scenario is unlikely to occur.