January the month of recession in the gold market for a decade

Farewell The gold market had a strong recovery throughout the year 2020. However, the market situation for the precious metal did not start well this year. The global gold market is going through the worst recession in a decade. News Mining.com and Bloomberg.

The spot price of gold per ounce was just over 1,853 dollar on the last working day in the US market. At the same time, gold was sold at 1,851.sent an ounce in futures contracts. The price of the precious metal has risen slightly on this day as compared to the previous working day.তবে

However, the gold market went through a recession throughout January. The price of the precious metal has declined by 2.8 percent this month. This is the first time since January 2011 that the price of gold has dropped the most in the first month of the year.

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