The reasons for today's decline in gold are:
1, the market's risk aversion to the situation in the Middle East has cooled;
2, the strong rise of the dollar suppresses gold;
3, the market has postponed the expectation of the Federal Reserve to raise interest rates.
It is suggested that we should pay close attention to the follow-up developments of the situation in the Middle East:
1, if the situation in the Middle East relaxes, gold may face a further correction and decline;
2, if the situation in the Middle East continues to deteriorate, market risk aversion may push up the price of gold again.
Yao muxue
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