Gold Investors Should Expect a Significant Price Correction Soon
On Tuesday, the price of gold reached yet another record-setting level after it crossed the $4,000 mark, continuing its meteoric rise in the wake of multiple tailwinds that favor the precious metal. However, analysts are cautioning that a sharp price correction is looming, and they cite several factors to back this assertion. Each time prices have risen sharply, many investors have opted to cash in their gains. This profit-taking usually exerts selling pressure on the yellow metal, and prices head downwards until bulls regain control of the market. It is therefore highly likely that a price correction could soon occur,…
