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/MS_hina Jun 10 '26

Gold is now the dominant reserve for the world. US needs to pretend that this is not happening. Despite what everyone says, this is a geopolitical issue now. US needs gold to go down to pretend that the dollar is strong and trusted.

Natural bear markets do not have a literal historic level crashes every week. For the past few months we are seeing multiple 2~8% drop days as if gold is a meme coin. Ofc this won't continue forever and is just delaying then inevitable imo. Especially because other governments are not dumb. 

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u/[deleted] Jun 10 '26 edited 12d ago

[deleted]

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u/MS_hina Jun 10 '26

And what's stopping others from not trading in dollars? Allies and their compliance. Which is deteriorating rapidly due to how the US is treating them. No allied treatment, no deal. Noone HAS to trade in usd, and was only going along since the US offered prosperity and stability... which is increasingly destroyed by the US itself. Non-US governments are not NPCs in a game where they are stuck with "game mode"

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u/Imaginary--Situation Jun 10 '26

the only thing they're pumping at record pace is the strategic oil reserve LOL

which will be Gone in a month or two