GOLD VOLATILITY

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The gold which is also called yellow metal has reached the peak level of around 1760 mark which is nearly second highest historic peak level.  The historic highest level is about 1800 mark and the gold has attained this level only once.  Today, morning after attaining the 1760 level, it started downward trend, plunging around 30 dollars due to current pandemic situation which resulted in weak demand and supply.  In particular, demand from Asia began to return, at a time when primary miners, secondary refiners and inventory holders located in South Africa, Europe and North America were reducing activity levels and encountering logistical difficulties in making shipments.  Moreover it is also assumed that, its ETF value (Exchange Traded Fund) is more, like excessively hypothetical value, since large number of trading accounts have been opened during current pandemic circumstances and highly traded electronically and has no comparison with actual demand and supply. 



It is imperative to state that all the ups and downs will be of temporary in nature.  In the long run and as predicted, in the coming months, the yellow metal will attain around 2000 dollar mark breaking all the record highest levels



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