Analyst: The precious metals feast has ended, unprecedented and unparalleled
Financial website InvestingLive analyst Adam Button stated that, for now, the precious metals feast has come to an end, and it can be described as unprecedented.
As for gold, I find it hard to imagine its price dropping below $4000. If it really falls to that level, I believe some strong investors will step in to buy, but I wouldn't make any rash statements before that. For holders? It's a tricky decision. This market condition could improve rapidly or experience significant fluctuations, and making panic decisions on Friday night is certainly not wise.
Will we see a further sell-off similar to "Black Monday"? Personally, I believe that unless there is some trigger beyond the Iran agreement, this scenario is unlikely to happen. (Jin Shi)
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