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Gold Price Falls: After touching the sky, the price of gold is now seen to be a huge decline. After touching $ 3,500 an ounce in the international market in April, now gold is now trading at $ 3,140 with a decline of 10 percent. Gold has fallen 2 percent to the lowest level of five weeks as compared to the previous session. The main reason for this is the recent trade deal between the US and China.
Due to the tariff of Trump, two economic superpower of the world came face to face. But, after a long talk of two days between the two countries in Geneva, there has been a mutual consent on tariff cuts for 90 days. The US has now announced to reduce the tariff over the goods imported from China to 145 percent to 30 percent, while China has reduced the tariffs above the goods imported from the US by 125 percent to 10 percent.
What will happen next?
Along with this, President Trump is constantly interacting with Japan, South Korea, India, America and Japan. On the other hand, some concessions can also be announced in the Syrian sanctions by President Trump in his Middle East tour. This can also reduce geopolitical stress. After the reduced global stress, there is now a decrease in demand in the international market of gold in the international market.
If we talk about India, gold has fallen to Rs 91,250 on Thursday. On April 23, the gold record was touching one lakh rupees. In such a situation, gold has fallen by 8.75 percent i.e. Rs 8,750 in a month.
What option does investors have?
The falling prices of gold continuously skeptical about the future in the minds of investors. they are afraid. However, market experts believe in the domestic market gold priceI can fall further and it can come between 87 thousand rupees 88 thousand rupees.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
