Gold Prices Have Dropped Again: Below 4,000 Dollars

Gold Prices Decline

The precious metal gold has fallen below the $4,000 per ounce threshold, attracting the attention of investors. On Friday, gold prices traded at around $3,955 with a decline of 1.6%. Over the past month, gold has remained in the overbought region and has moved towards profit-taking according to technical indicators.

Drop After Historical Peak

Last Wednesday, gold reached an all-time high of $4,059.31, completing a four-day winning streak. This rapid increase prompted some investors to sell for profit.

Changes in Silver and Related Developments

Similarly to gold, silver is experiencing a decline after reaching the highest levels seen since 1980. In addition to these developments, the Israeli government has approved U.S. President Donald Trump’s plan regarding the ceasefire agreement in Gaza, contributing to the peace negotiations process.