According to Adam Button, an analyst at the financial website Odaily, the precious metals feast is now over, and arguably unprecedented. Regarding gold, he finds it hard to imagine its price falling below $4,000. If it does drop to that level, he believes some well-funded investors will step in, but he won't comment before then. For holders? This is a tricky situation. Market conditions could improve rapidly or become highly volatile, and making panicked decisions on Friday night is unwise. Will we see a further sell-off similar to "Black Monday"? Personally, he thinks it's unlikely unless there's some trigger beyond the Iran deal.
Analysts: The precious metals feast is over, and it can be described as unprecedented.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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