Without further impetus, the price of gold has slowly but steadily fallen below the USD 5,000 mark and is now struggling to find support at $4,900. In this video, we briefly discuss the current situation and the possible future development of the price of gold.
The gold price is primarily suffering from the “lack of data” so far this week. However, yesterday's Presidents' Day in the US and the markets in China and other parts of Asia being closed for the whole week due to the New Year are also causing problems due to the lack of trading volume.
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