Forecast Trend Report by Period
Spot gold fell below $4,600 an ounce, extending its decline.
Crypto-focused media outlet Odaily reported on April 28 that spot gold dropped under $4,600 an ounce for the first time since April 2. The metal was down about 1.75% on the day.
The pullback appears to reflect short-term profit-taking after gold's recent rally. Analysts also say volatility in global financial markets and shifts in interest-rate expectations are affecting demand for safe-haven assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
