Exclusive - CNBC Arabia - Mohammed Salem
Gold prices are at a pivotal stage after a historic surge that pushed prices to unprecedented record levels, before entering a corrective phase that has raised questions among investors about the future of the precious metal.
As gold prices fluctuated and lost their previous peak levels, major global financial institutions began to reassess their forecasts for the coming years, amid significant changes in US interest rates, bond yields, and the strength of the dollar.
Gold fell to around $4,140 an ounce in early October trading, more than 20% below its historic peak of nearly $5,595 in January.