Gold price falls above £1000 in a week. Is this drop a buying opportunity?
Gold prices took a breather after a string of gains over the past few weeks. Yellow metal futures contract for August 2022 ended around €1,000 down from last week’s highs €50,603 per 10g levels. Spot gold prices closed at 1826 an ounce. Citing weakness in base metal prices, MCX silver prices corrected sharply last week by 1.95 to close at €59,749 per kg levels. MCX silver prices corrected 2.57 percent to close at $21.11 an ounce.