Analyst: Gold prices may fall to $3200 in the short term

According to a report by Golden Finance, Ryan Trivedi, senior commodity analyst at Reliance Securities, said that progress has been made in trade negotiations, and in the short term, gold prices may continue to decline due to the possible appreciation of the US dollar and a decrease in safe haven demand in the face of reduced geopolitical risks. Therefore, gold prices may fall to $3200 per ounce in the short term.