Is the current selloff in gold price an opportunity?

Category: Finance

Market volatility has led to a significant decline in equity markets, with the Nasdaq index down over 6%. Despite initial gains, gold prices are also falling as traders sell assets to cover margin calls. There is potential for further declines, but the long-term outlook for gold remains positive due to expected interest rate cuts from the Fed, which could drive gold prices higher.

Keywords: Market Volatility, Gold Prices, Interest Rates

Source: Kitco NEWS

Update At: 8/6/2024

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