Gold prices have fallen slightly in the global market!

Gold prices in the international market showed some fluctuations on Wednesday morning. In the morning, the price of spot gold reached $ 4,134.37 per ounce, which is 0.3 percent higher than the previous day. However, the price later fell again to $ 4,067 per ounce, which is the biggest decline in the last two weeks.

According to Reuters, the two main reasons for investing in gold in the global market in recent times are the decline in the price of the dollar and the interest of investors to buy gold cheaply after Tuesday's big drop. Gold prices fell more than 5 percent in a day on Tuesday, which is considered the biggest decline since August 2020.

The price of gold bought for the future market also increased. Today, the price of such gold per ounce stands at $ 4,147.10. Meanwhile, the US Federal Reserve will release updated inflation data on Friday, which will affect future interest rate decisions and could affect gold prices.

“The gold market is returning to normal as trade tensions between the US and China ease somewhat,” said Matt Simpson, senior analyst at Stonex.

Gold prices have risen about 56 percent this year. Last Monday, they reached a historic high of $4,381.21 per ounce. Analysts say global political and economic uncertainty, continued gold purchases by central banks and expectations of interest rate cuts are the main reasons for the rise in gold prices.

The fluctuations in the gold market indicate both new opportunities and caution for investors.