Investors in gold are seeing that the gains from appreciation in other asset classes are faster than the loss in value due to currency depreciation. Reality bites.
the co-relation is coming back, between USD and gold price, they react inversely. however, i still think the price of gold may dip again as it's still overvalued.
the co-relation is coming back, between USD and gold price, they react inversely. however, i still think the price of gold may dip again as it's still overvalued.
knn, drop so much so fast. must be some hedge funds manipulating the market for gain and a lot also short gold to make money. wait for them to close the open position for another huge jump.