Gold might be under 1500 by next week. I just saw

Gold might be under 1500 by next week. I just saw that it’s down another $72 to $1517 . Over 50% of mined gold is used in making jewelry, and I don’t see buying jewelry as a necessity over the next few months as people are laid off and bankruptcies increase. Also gold amounts used in industrial applications are also taking a hit, as factories are still way under capacity in China, and we likely will see factories shutting down here, if covid -19 follows the same spread patterns as elsewhere.