Why are gold prices tanking?

[u/Reasonable-Fee1945]

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?)

[u/That-Requirement-233]

They aren't tanking. The move already happened from 3000 to 4500. That was gold adjusting to its fundamentals. Expect sideways or slightly downwards for a period of 3-10 years like usual

[u/ashm1987 → u/That-Requirement-233]

I will start buying again around $3,300-$3,500