After three consecutive days of decline in gold prices, analysts have stated that investors should not miss the opportunity to buy at a lower price. The probability of gold prices rising to $5000 is greater than falling back to $3000.
Zhitong Finance APP learned that gold experienced a significant pullback in the past week. Against the backdrop of expectations for interest rate cuts by the Federal Reserve, the market may be missing the opportunity to buy gold at a discount. With the possibility of further interest rate cuts later this year, industry insiders believe that investors may have another chance to buy gold at a lower price.
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