The price of gold has declined steadily after touching
$1357/troy ounce in early stages of September due to the risk aversion on North
Korean tension. The reason is the ballistic missile of North Korean missile
test failed to shore up the safe-haven demand .due to which yellow metal has
triggered very badly. The current rate of yellow metal is at &1309/troy
ounce.
Readers should take into their account that gold's decline
came despite a weakness in the dollar id dollar comes back into its original
position it would add to the selling pressure. Gold till yet has not reached
the bear market which could push the selling momentum of the yellow metal as
low as &1256/troy ounce.
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