Although gold remains a very attractive value because of the low risk that it incurs in the markets, certain events can contribute to reducing its price as shown by the Market Scanner App.
For example, the sale of large volumes of gold by central banks is likely to affect gold prices in the short to medium term. Moreover, the risks related to the economic health of a country and the periods of economic crisis do not bode well for the yellow metal, on the contrary, since gold often becomes a true safe haven in this case.
A short time ago, a decision of the ECB pushed Cyprus and more particularly its central bank to sell off at least 10 tons of gold from its reserves. But this phenomenon does not explain the fears of investors alone. The latter are more concerned that, like Cyprus, other central banks are forced to resell some of their physical gold.