Why Are Investors Shunning Gold?

The video discusses the trends and factors affecting gold prices over the past five years, highlighting a significant drop following a strong U.S. jobs report. It explains how the strengthening U.S. economy and rising dollar have contributed to gold's decline, with technical analysis indicating an oversold market. The video also covers forecasts from major financial institutions, predicting further declines in gold prices.

What significant event occurred on Friday that affected gold prices?

• Gold prices reached an all-time high.

• A new trade agreement was signed.

• Gold erased its gains for the year.

• A major gold mine was discovered.

What is one reason for the decline in gold prices?

• Decrease in global demand for gold.

• Strengthening of the U.S. dollar.

• Increase in gold mining activities.

• Reduction in gold import tariffs.

What does the Relative Strength Index (RSI) indicate about gold?

• Gold is at its peak.

• Gold is oversold.

• Gold is fairly priced.

• Gold is overbought.

What is Goldman Sachs' forecast for gold prices in the next 12 months?

• $1,300

• $1,200

• $1,050

• $1,500

According to SoC Gen, how low could gold prices potentially go?

• Below $1,200

• Below $1,500

• Below $1,000

• Below $1,100