Market Analysts Forecast Gold Drop to $3,700 and Call Dollar Rise Speculative

Independent analyst Alberto Iturralde warned that gold prices could fall to around $3,700, attributing the decline to market manipulation and correcting what he sees as an excessive speculative surge that pushed prices above $5,000. He referenced historical cycles, noting that after sharp peaks the metal typically experiences prolonged corrections.

Economist Leonardo Alberto analyzed the recent 5% appreciation of the Argentine peso‑dollar rate, describing the movement as largely speculative. He emphasized that macro fundamentals remain sound, citing a positive trade balance, fiscal surplus and stable macro‑indicators, while noting the impact of lower international oil prices on Argentine energy stocks and heightened volatility in U.S. markets. Both analysts stressed that short‑term price swings are driven more by financial positioning than by underlying economic deterioration.