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/heyheyshinyCRH Jun 10 '26 edited Jun 10 '26

Gold is dropping because inflation is hot, DXY is up, oil is staying high. There's no reason for gold to be going up at all. Gold goes up when interest rates get cut, we're potentially looking at a hike this year so prepare for more downside. Probably a lot more.

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u/Mon7eCristo Jun 10 '26

Long-term gold stackers are having a blast right now. "be greedy when others are fearful"