Analyst: Gold Prices May Drop to $3,200 in the Short Term
Jigar Trivedi, Senior Commodity Analyst at Reliance Securities, stated that with progress in trade negotiations, gold prices may continue to decline in the short term as the dollar may appreciate, and with reduced geopolitical risks, the demand for safe-haven assets may also decrease. Therefore, in the short term, gold prices may fall to $3,200 per ounce.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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