This week, the gold price started the week off at only 1213.82 USD/oz, and by Wednesday hit below 1200 USD/oz. Once again, the gold price has become a victim to the American dollar as the American dollar becomes due to the growth in federal interest rates. Many believe that this major dip will cause a major growth in demands as the year ends, but hopes of the gold price hitting over 1400’s before the year ends is becoming more of a fragment of once imagination. The gold price today is only 1183.83 USD/oz.
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Do you think the gold price will ever recover from this major dip? Let us know in the comment section below!
Image Source: time.com