Analyst: Precious Metals Party Over, Seen as Unrepeatable
BlockBeats News, January 31st — Financial website investinglive analyst Adam Button stated that as of now, the precious metals party is over and is arguably a once-in-a-lifetime event. Speaking of gold, I find it hard to imagine its price falling below $4000. If it really drops to that level, I think some strong investors will step in to buy, but I won't make any reckless statements before that.
As for holders? This is a tricky decision. This market situation could quickly turn around or see significant volatility, and making panicked decisions in Friday's late session is not a wise move. Will we see further sell-offs resembling a "Black Monday"? Personally, I think this scenario is unlikely to occur unless there is some triggering factor beyond the Iran deal. (FXStreet)
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