Analyst Predicts End of Precious Metals Boom

The era of unprecedented growth in precious metals may have concluded, according to ChainCatcher. Analyst Adam Button from investinglive suggests that the market for precious metals has reached its peak. Button expressed skepticism about gold prices falling below $4,000, noting that if such a drop occurs, it might attract well-capitalized investors. However, he advises caution and refrains from making bold predictions at this time. For current holders of gold, the situation presents a challenging decision, as market conditions could either improve rapidly or experience significant volatility. Button warns against making panic-driven decisions during late Friday trading sessions. Regarding the possibility of a further sell-off akin to "Black Monday," Button believes it is unlikely unless triggered by factors beyond the Iranian agreement.