The second week of the collapse… gold continues to fall and there are expectations of a strong return

Continue The price of gold in spot transactions increased by 4.6% to $4,874 per ounce by 06:40 GMT, after touching its lowest level in almost a month on Monday.

Temporary rise

At the end of the week, gold prices stabilized on Wednesday above the level of $5,000 per ounce, compensating for the losses they suffered over the past few days, after renewed geopolitical tensions between the United States and Iran, which It returned investors to the possession of safe assets.

The price of gold in spot transactions rose by 1.8% to $5,027 per ounce by 13:15 GMT, and gold futures rose 2.6% to $5,061 per ounce.

Gold decline

The price of gold in spot transactions fell by 3% to $4,817 per ounce by 13:00 GMT. GMT, while the price of silver fell by 13.5% to $76 per ounce.

And that was before the decline was repeated again on Thursday, as gold prices fell, and silver prices fell by more than 13%, as traders turned to collect their profits after a two-day rise, while the rise of the dollar and the decline in geopolitical tensions increased the pressure on non-return-generating assets.

And yesterday, gold and silver metals continued their losses today, Friday, and erased the decline. Global stocks of technology companies and the rise in the value of the dollar, most of the gains they achieved during a short recovery period earlier this week. "JP Morgan" Gold prices will reach $6,300 per ounce by the end of 2026, with continued demand from central banks and investors, according to a memorandum issued on Monday.

The US Bank expects central banks’ purchases of gold to reach 800 tons in 2026, indicating continued diversification of reserves.

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