Reported 9 months ago
International gold spot price has dropped below $2300, hitting a low of $2296 on the 27th. Two experts have conflicting opinions on whether to take advantage of this discounted gold price. Analyst Lee Yong-nian from Familiar Gold Investment Advisory points out that the recent drop in gold price is influenced by factors such as the strengthening US dollar and postponed rate cuts by the Federal Reserve. Meanwhile, Taipei Precious Metals and Jewelry Association Vice Chairman and Goldplus Jewelry Chairman Stone Wen-sin believes that now is a good buying opportunity, as gold prices may rise to $2380 in July or August due to a potentially weakening US dollar. He suggests investors to consider this as a favorable entry point.
Source: YAHOO