The price of gold has extended its correction from the record highs above $2 070, registered in the first week of August. Despite this, there is no reason to panic and as long the price of gold is above $1 800 this precious metal is in the “buy” zone.
The price of gold has become disconnected from fundamentals, and the flow of funds into gold “shows how much speculation and enthusiasm is around this precious metal. Despite this, the scenario for the price of gold could be even better as the “dovish” Fed decision continued to pressure the US dollar.
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