Is Gold Losing Its Lustre While its normal for a commodity to experience a big drop in one day, Gold is experiencing big drops for two days in a row, leading to questions if this precious metal will lose its lustre in spite fundamentals working in its favour, such as COVID-19 getting worse and worse, a K-Shaped economy, a new Presidency for US and hope for a stimulus, and a post COVID-19 recession could happen as governments will likely cut spending and jobs worldwide.
If the trend continues, I'm concerned that Gold could go below $1,800 US per ounce or even $1,700 US per ounce.
What's wrong with Gold lately?
Time to "Make Gold Great Again", and see this metal go to new heights based on the conditions that are perfect for it.