Last week's strong downward movement for the gold price, where other precious metals are also following, is feared to be the beginning of a correction after the gold rally from price levels around 2,600 dollars per ounce at the beginning of 2025.
The strong price increases for gold during the year have been fueled by the Trump administration's tariff policy and geopolitical tensions, with wars in Gaza and Ukraine in focus.
In addition, a number of central banks have tried to reduce their exposure to the increasingly weaker dollar by building up their gold reserves.
