Gold has fallen sharply - experts explain a cause

11:28 - 10.01.2020

January 10, Fineko/abc.az. Gold, which has risen sharply in price a few days ago, has dropped in price this time.

ABC.AZ reports that in the recent trading the price for an ounce of gold decreased by $5.70 to $1,548.60.

Experts believe the fall in gold prices is caused by "soft" statements from both sides of the Iranian-American conflict.

Gold has grown in price amid strained relations after the assassination of Iranian General Suleimani.

After the US authorities declared their readiness for peace talks, prices are again going to stabilize and become cheaper.

The price for an ounce of silver fell by $0.04 to $17.90.

By Elmir Murad

 

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