Reported 9 months ago
International spot gold prices fell below $2300, with prices at jewelry stores in Taiwan at NT$9490 per mace. Despite the decline, seasoned gold investors anticipate a surge in prices, prompting some, like a certain individual referred to as 'him,' to invest over a million dollars. The current low prices have led to increased purchases, as some foresee gold prices exceeding NT$10,000 per mace in the coming months. Factors contributing to the recent price drop include profit-taking maneuvers by gold traders at the end of June, creating a favorable entry point for potential investors anticipating a rise to $2380 in August and September due to potential US interest rate adjustments.
Source: YAHOO