The price of gold fell today. Will the gold rate drop further? Experts give their opinions

Gold prices fell again on Tuesday as a result of a long history that appeared to decline. Spot gold fell 0.8% to $3,314.52 per ounce. U.S. gold futures fell 0.7% to $3,324.30.The decline in gold prices is due to signs of easing tensions in the U.S.-China trade dispute put pressure on safe metals, while investors are awaiting a range of U.S. economic data that is payable this week for more clues about the Fed’s policy path.
Spot gold is expected to end its resistance at a rate of $3,373 per ounce and then resupport at a price of $3,293, according to Reuters technical analyst Wang Tao.
“The optimism in financial markets has faded gold for the potential downgrade of the trade war between China and the United States and the continuous gains of the dollar,” said Ricardo Evangelista, senior analyst at brokerage Activrades brokerages.

“The long-term structural headwinds of gold prices may keep the broader uptrend intact and backed by the ongoing diversification of reserves from emerging market central banks,” said Yeap Jun Rong, market strategist at IG.

China’s total gold imports from Hong Kong from Hong Kong increased by 41.9% in March since February, data from the Hong Kong Census and Statistics Bureau showed on Monday. Investors will look for important U.S. economic data this week, including the personal consumption expenditure price index and monthly non-agricultural wages held on Friday. $988.97 and palladium lost 0.2% to $947.31.

FAQ

Q1. What are the current prices of silver, platinum and palladium?
A1. Spot Silver rose 0.2% to $33.25 per ounce, platinum rose 0.4% to $988.97, and Palladium lost 0.2% to $947.31.

Q2. What is the forecast for gold price?
A2. Spot gold is expected to end its resistance at a rate of $3,373 per ounce and then resupport at a price of $3,293, according to Reuters technical analyst Wang Tao.