Verett Millman, market analyst at Gainesville Coins, believes that gold's recent decline is mainly due to seasonal factors. He forecasts that this precious metal will start the fourth quarter with a strengthening level.
According to this expert, normally October will witness a reversal in the gold market due to increased demand from China and India for this precious metal. The Diwali festival begins in November, but many Indians will start accumulating gold from October.
With the same opinion, expert Mark Leibovit said that gold will reverse this week and the driving force for gold's momentum is that the USD has peaked and begun to decline.
According to this expert, normally October will witness a reversal in the gold market due to increased demand from China and India for this precious metal. The Diwali festival begins in November, but many Indians will start accumulating gold from October.
With the same opinion, expert Mark Leibovit said that gold will reverse this week and the driving force for gold's momentum is that the USD has peaked and begun to decline.
TP1: 1841
TP2: 1843
SL: 1821