Gold could drop to $3,800 per ounce before recovering, Brandon Beylo warns

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1 hour ago

Gold could drop to $3,800 per ounce before recovering, Brandon Beylo warns — Gold may fall to $3,800 before bottom

Brandon Beylo suggests that gold may be reaching a near-term low.

However, he adds that the metal could still decline further, potentially dropping to $3,800 per ounce before seeing a true bottom.

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Earlier this year, Beylo observed gold trading under its 200-day average for the first time since 2023, viewing the move as a potential long-term buying opportunity in a previous report. He has also commented on equities, arguing that the U.S. stock market was unlikely to see a significant drop during the country’s 250th birthday, according to a separate article. These perspectives frame his current outlook on gold’s near-term price action.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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