Gold will become cheaper by 38%, claims AFC

Gold metal, which is the first choice of all investors, its price has always been fluctuating but the rise it has seen since the corona pandemic is a different matter. It rates have consistently exhibited fluctuations, leaving investors and buyers perplexed.
Despite being a safe-haven asset, gold prices are influenced by various factors, resulting in perpetual ups and downs.
Global economic trends, US dollar strength, interest rates, and geopolitical tensions contribute to this volatility.
The gold rate has dropped to a four-month low, making it an attractive buying opportunity.
However, this decline may be short-lived, as investors seek safe-haven assets amidst economic uncertainty.
As the global economy and geopolitical landscape continue to evolve, gold rate fluctuations will likely persist, making it essential for investors to stay informed and adapt to changing market conditions.
The price of gold is skyrocketing these days. Meanwhile, John Mills, an analyst at American financial services firm Morningstar, has made a shocking claim. John says that the price of gold can fall to $1820 per ounce, which is about 38% less than the current level. Currently, gold is at $3080 per ounce.
According to John's claim, all the growth in the price of gold in the last 12 months can end.
While there's speculation about potential gold price drops, no definitive statement can be made about a 38% decrease in gold rates, and it's important to consider that gold prices fluctuate based on various factors.

Here's a breakdown of why a simple "cheaper by 38%" statement is may be 'misleading':Gold prices are dynamic and influenced by global economic conditions, geopolitical events, inflation, interest rates, and investor sentiment.
Market analysts may offer opinions or predictions, but they cannot guarantee specific price movements.
Gold prices can vary slightly depending on the location (e.g., Noida, Delhi, etc.) due to factors like taxes, transportation costs, and local demand.
Gold rates are quoted based on purity (22K, 24K, etc.), and the price per gram will differ accordingly.
When purchasing gold jewelry, remember to factor in making charges, which can significantly impact the final price.
While there have been some fluctuations, recent data suggests that gold prices have been relatively stable in Noida.
Some analysts believe that gold prices may continue to rise, while others suggest that they may see a correction.