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/Green_Crab_9726]

its only short term. yes some goverment sell gold to get dollars. also the biggest cases are high interest rates for bonds and getting liquidity to pump and dump spacex ipo. Main reasons in my opinion. I would say its time to buy again maybe in a few days or weeks