<\/p>\n
Gold has fallen in recent days, but after a price increase of almost $200 between the end of June and mid-July, Commerzbank\u2019s Commodity Analyst Barbara Lambrecht notes.<\/p>\n
\u201cThe price of Gold has also fallen in recent days despite rising risk aversion<\/a>, which normally boosts Gold due to its role as a \u2018safe haven\u2019. However, this correction follows a price increase of almost $200 between the end of June and mid-July, during which the Gold price climbed to a new record high of $2,484 per troy ounce.\u201d<\/p>\n \u201cThe most recent price decline is therefore more likely to be the correction of an exaggeration. In principle, the price is likely to defend its current level if Federal Reserve<\/a> Chairman Powell hints at interest rate cuts in the near future following next week’s Fed meeting. However, the new report from the World Gold Council (WGC) is also likely to show that central bank purchases have decreased, meaning that the Gold price<\/a> has lost an important support.\u201d<\/p>\n \u201cAt least the buying interest of China’s central bank seems to have suffered recently from the high prices. In contrast, the interest of ETF investors has probably increased again. Although the WGC is still showing slight outflows for the second quarter, sentiment turned around in the course of the quarter: European ETFs recorded inflows again in June.\u201d<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Gold has fallen in recent days, but after a price increase of almost $200 between the end of June and mid-July, Commerzbank\u2019s Commodity Analyst Barbara Lambrecht notes. Gold price may lose an important support \u201cThe price of Gold has also fallen in recent days despite rising risk aversion, which normally boosts Gold due to its […]<\/p>\n","protected":false},"author":2,"featured_media":270273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,351,257,484,255,250,350,252,247,253,249,256,254,485],"class_list":["post-352990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-commodities","tag-cryptocurrency","tag-gold","tag-gta","tag-looks-rare","tag-metals","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=352990"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352990\/revisions"}],"predecessor-version":[{"id":352993,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352990\/revisions\/352993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/270273"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=352990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=352990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=352990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}