Previous post Next post

Gold Price Just Dropped! What Happened? (2024 Update)

The #gold price recently experienced its most significant intraday loss in nearly two years, prompting questions about its trajectory and its status as an investment. In this video, we delve into the reasons behind the drop and whether gold remains a viable investment option.

Despite the recent pullback, we maintain our bullish outlook on gold. Pullbacks are a natural part of a long-term uptrend, and historical patterns suggest that gold may still reach new highs this year. The fundamentals supporting gold, such as #inflation and #geopoliticaltensions, remain intact.

The current decline in gold prices can be attributed to profit-taking by futures traders and some market uncertainty. However, this should not overshadow the broader bullish trends in the gold market.

Factors such as rising bond yields, a strengthening U.S. dollar, and shifting expectations regarding Federal Reserve interest rate cuts have contributed to the recent downturn. Nonetheless, the long-term outlook for gold remains positive, especially considering escalating U.S. debt levels and continued central bank demand for gold as a reserve asset.

While short-term market fluctuations may cause concern, gold's status as a hedge against inflation and currency devaluation remains unchanged. Investors may consider utilizing strategies like dollar-cost averaging to capitalize on potential buying opportunities presented by market dips.

For more insights on why we believe the gold rally will persist, watch our related video. Additionally, learn about our GoldSaver program, which enables investors to spread out their gold purchases over time for a disciplined approach to investing in gold.

Invest in GoldSaver:

If you're looking to buy gold or silver coins or bars, GoldCore currently has good stocks available visit the following website to learn more:
UK -
Ireland -

GoldCore TV is the home of precious metals market information. Our channel features news, interviews, and podcasts with prominent industry figures to help people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest precious metals news and views.
Follow us on social media:
Facebook -
Twitter -
Disclaimer: Videos published are not investment advice and the views expressed may not reflect those of GoldCore ltd.
Full story here Are you the author?
About GoldCore
GoldCore was founded in 2003 and has become one of the leading bullion brokers in the world for both delivery and storage.
Previous post See more for 6a) Gold and its Price Next post
Tags: ,

Permanent link to this article:

7 pings

Skip to comment form

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.