Gold prices are said to be negative in the short term

World gold prices recovered slightly amid a decline in the US dollar. At 9:45 a.m. on March 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 107.130 points (down 0.4%).

Gold prices will continue to decrease. “There is no reason to think that this profit-taking correction will not last for a while longer. But we need to remember that so far gold has only fallen less than 4% from its peak, after rising 12% this year.”

The fundamentals that drove gold demand over the past two years remain intact, so any possible decline to as low as $2,600 an ounce would be short-lived.”

In addition to strong demand from central banks, I also expect capital flows into gold ETFs to increase as interest rates fall, making gold more attractive to investors.

“However, this factor may be somewhat affected by speculators reducing their net buying positions in the gold futures market. Currently, the net buying position remains very high as concerns about lingering tariffs from the administration of US President Donald Trump cause investors to seek safe haven assets such as gold."