Gold Fell 15% After Record High! Fall Due To Speculation About Fed Chair's Strictness, Yet Biggest Jump Since 1980
Gold prices in the global market witnessed a sharp fall after record high, falling by more than 8 on Friday, while falling by 15 on MCX. The main reason for this is the speculation by the strict Chairman of the US Federal Reserve. However, despite this decline, the month of January is set to prove to be the strongest monthly performance for gold since 1980. Silver and other precious metals were also affected, with investors now awaiting an announcement from the Fed Chairman.