Gold Prices Drop, Expected To Drop Further

London (Oct 21)  Gold Prices in the US ended the week at $1493 per ounce down from $1500 per ounce down 0.04%. Gold prices are forecasted to drop a further $13 to trade at $1480.

According to Hareesh V, Head Of Commodity Research At Geojit Financial Services:

Considering the present uncertainties around the US-China trade war and other geopolitical risks, gold still has potential upside.

Uncertainty about major issues like Brexit and US-China trade deal has also led to volatility in the currency market, thus impacting the price of dollar-denominated gold.

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