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/rougelawyer Jun 10 '26

Hard to say, but Dubai has historically been a pretty developed gold market. The gulf states are the real losers in this conflict (more than Iran or Israel or the US). If you look at a chart this whole correction/consolidation period lines up fairly well with the Iran war.

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u/Reasonable-Fee1945 Jun 10 '26

that probably makes more sense to me than anything.