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

Jigar Trevadi, a senior commodities analyst at Reliance Securities, stated that with progress in trade negotiations, gold prices may continue to decline in the short term. This is because the US dollar may appreciate and the demand for safe-haven assets may also decrease with the reduction of geopolitical risks. Therefore, gold prices may fall to $3200 per ounce in the short term.