Low gold prices are growth and buying opportunities + Analysis / Today's price is September 9, 2020

Despite the many fluctuations and frustrations of gold reaching the $ 2,000 level, market experts and  analysts see low gold prices as opportunities to buy .
The price of this precious metal has been growing again following the increase in demand and it seems that this growth will continue.

According to the Gold Cafe , market experts and analysts suggest a cautious approach, but now look at low gold prices as an opportunity to buy.

The price of gold has fluctuated a lot in recent days, and this has led investors to once again have good buying opportunities in this market.

Experts believe that despite the large drop in gold in the last month, the  yellow metal still has a comparative advantage over other investment markets and it will be profitable to invest in it.

According to preliminary statistics, CME Group interest in gold markets increased on Friday and trading volume was bullish.

Rising interest and demand in the gold market could indicate that gold below the $ 2,000 level could  show good growth .

Nader Bazrafshan,  secretary of the Tehran Jewelry Union, said: "Currency fluctuations affected the gold and coin price market and caused its price to increase." 

Are the gold climbs over?

Experts believe that due to the appreciation of the US dollar, they expect to see lower prices in the coming days. Of course, we can not say that this is the end of the golden way and we will not see another rise.

Experts' feelings about the gold market are changing, and investors are much more cautious in this market. The reason for this can be attributed to the decline in gold prices these days and its inability to climb further.

Feelings about the future trend of gold have changed as the price of gold has been trapped between $ 1920 and $ 2,000, according to the latest Gold Cafe poll , according to the latest Kitco website .

Wall Street analysts believe that the price of gold will not rise in the coming days. However, analysts believe that any further decline in gold prices could be considered a buying opportunity.

Chris Wakew, chief strategist at Daily FX, believes the gold market remains strong. Another market expert, Bill Baruch, says he expects gold prices to fall further to buy more and more.

Wall Street analysts have been predicting a decline in gold in the coming days, all of which voted last week for gold to rise to $ 2,000 again.

The growth of gold is on the way

Despite the improvement in US employment data released on Thursday, concerns about the  recovery of the global economy remain, and this could support the rise in the price of the yellow metal.

The number of people infected with the Corona virus is also increasing, which could support the gold sanctuary.

Technically, gold fell below its three-month high on Friday, but was able to gain support and rise before reaching the $ 1,900 mark.

But if gold fails to reach below $ 1900, it will have support at $ 1862 and will likely remain in the same area.

Despite the pressure on gold by the dollar, the price of this precious metal has been growing again following the increase in demand, and it seems that this growth will continue.

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Increase in the price of coins and gold today, September 9, 2020

In today's market, on Tuesday, September 9, 2020, each coin of the new Azadi Spring reached the price of 11 million and 601 thousand Tomans.

According to the Gold Cafe , today each  coin of the entire Azadi spring was traded at a price of 11 million 601 thousand Tomans, a half coin 5 million 700 thousand Tomans, a quarter coin 3 million 250 thousand Tomans and a gram coin 1 million 800 thousand Tomans.

Also, the  price of gold heralds in the world markets reached 1,927 dollars and each gram of 18-carat gold is traded for 1,122,000 tomans.

The price of each coin of the new Azadi Spring increased by about 250,000 Tomans compared to the last day of last week.