Why gold price can drop recently? In my view, gold is a stable and safe investment vehicle. Recently, I’ve just discovered that gold price drop while the stock market dropping. I think it’s because the investors who held gold have found something else to buy when the price goes down.
Some people said that gold prices will decline is not unusual as it has often happened early in a new calendar year. You also can refer to the US dollar currency to do analysis as the decline of the US dollar value can result in higher gold price. I’ve explained this in my previous article -> Buying Gold As Investment
How to Decide When is Good Time to Invest?