Demand for gold falls – Causes

12:26 - 25.11.2020

November 25, Fineko/abc.az. Amid the growing risk in the financial markets, the demand for gold is also declining.

ABC.AZ reports that an ounce of the precious metal, starting from the downtrend of the current trading week, is currently offered at the global exchanges from $1,807.

If the price breaks the level of $1,800, the next targets may be the level of $1,783 and $1,757.

It should be noted that today, at 17:30 on the Baku time, statistics on the level of economic development and the labor market are expected to be published in the U.S., as well as on the real estate market at 19:00.

By Elmir Murad

 

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