Reported 7 months ago
The international gold price fell below $2300 on June 11th, with Taipei City Gold and Silver Jewelry Association Vice Chairman Shi Wenxin suggesting that if the price holds at $2272, investors don't need to rush to sell. Despite the recent decline and market fluctuations, long-term prospects for gold price investment continue to be positive. Factors affecting the current market include delayed gold futures delivery in China, a decrease in gold demand, and challenges in discovering new gold veins. Expectations of a US Federal Reserve interest rate cut by September may further impact gold prices positively, potentially pushing prices above $2500 if the rate cut occurs earlier.
Source: YAHOO