Last week I have written about whether it is good time to buy gold or not. Also I have mentioned in the article saying the down trend will continue till the mid of January or further. The reason for the decline is end of financial year in USA, brokers will sell the gold and take the profits for this financial year. Another reason is the strong dollar value which leads to less investment on the gold.
This decline is only for the temporary time and will start go up once the correction is come to an end. We can not say the exact time when it will touch the bottom line but it is some time in the next month. If you have any plan to invest in the gold, you have to use this two months and don’t loose the oppurtunity.
You can check the live gold price here.
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