Gold prices slumped down to the lowest , as china shows lower demand and also due to the dollar getting stronger, as America announced steady interest rates for the following year, the investors chose to invest in the Strong dollar being lucrative and safer investment for the time being,
Gold prices are continuing to slump at a pace of 1 percent daily , and economists are failing to predict when will the gold reach a static price and starts to recover, as the Shanghai market is currently in a state of volatility, Economists and investors also blamed the slumping of gold prices is because of the global economy to be in a state of positive recovery with steady growth rate, The Golds scenario is exactly like the Oil price drop , as the demand was lower then supply , as the world's largest energy consumer China is suffering a state of economic unbalance , as the demand is very weaker, we could only hope for the china's economy to recover soon if we want the gold and oil prices to recover.
