$XAU/USD(XAUUSD.FOREX)$ is dropping but not bottoming. If you have held gold for long term, you might want to consider catching the dip. But, I am sure the price is still very high consider many might have purchased $UOB(U11.SI)$ physical gold way below sgd 200 range… Like mentioned by @koolgal, investors are just rotating the hot money to others like bonds or SpaceX🤣… Physical gold does not give immediate dividend, but it hold its value well even when being corrected. @Tiger_SG @Tiger_comments @tigerstar
I definitely agree that the price is a pause. For those who bought etf gold to cash out their profits and replenish more for the next bull wave. Be sure to give it time. It will react with certainty.