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The analyst: The precious metals feast has come to an end, marking an unprecedented and unparalleled event in the market.
BlockBeats News, January 31 — Analyst Adam Button from the financial website investinglive stated that, for now, the feast of precious metals has come to an end and is considered unprecedented. Regarding gold, I find it hard to imagine its price falling below $4000. If it truly drops to that level, I believe some well-funded investors will step in to buy, but I wouldn’t make any rash statements before that.
For holders? This is a tricky decision. Such market conditions could improve rapidly or experience significant volatility, and making panic decisions during Friday’s evening trading session would be unwise. Will we see a further sell-off similar to “Black Monday”? Personally, I think unless there is some trigger beyond the Iran deal, such a scenario is unlikely to occur. (Jin10)