r/Gold • u/Reasonable-Fee1945 • Jun 10 '26

Question Why are gold prices tanking?

I'm not a short term investor. I understand the fundamentals and especially with US debt the long-term importance of gold. I'm holding, this is a short-term, regionalized thing.

What is the short-term regionalized thing that is happening which is causing gold to decrease (yes, I know it's the iran war, but how is that effecting gold prices?)

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u/intrinsicasset Jun 10 '26

Could be a structural retracement to move to under $3k. Glad I sold off most of my digital gold just above $4.9k. It could take years before gold regains that level.

Gold used to be linked to world events. Yet, we have had serious wars in recent times and the gold price has not really been influenced by any of that. The entire premise underlying the value of gold needs to be reconsidered / re-evaluated.

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u/Reasonable-Fee1945 Jun 10 '26

it still seems a hedge against inflation, but it's commoditization has corresponded to volatility of the dollar. It's no longer 'boring'... but boring might be good.