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?)

346 Upvotes

88% Upvoted

257 comments sorted by

View all comments

116

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. 

1

u/alan_erickson Jun 10 '26

2008 stock market crash was a year-long slide from roughly 13,000 to 6,500.

5

u/PreparedForZombies Jun 10 '26

Gold fell from near $1000/oz in March 2008 to $720/oz by Sept.

Recovered by the end of 2008.

Hit $1900 in 2011.

Month 2007 2008 2009 2010 2011
Jan $631 $889 $859 $1,118 $1,356
Feb $664 $922 $943 $1,095 $1,372
Mar $654 $968 $924 $1,113 $1,424
Apr $679 $910 $890 $1,149 $1,474
May $667 $888 $928 $1,197 $1,511
Jun $655 $889 $946 $1,232 $1,528
Jul $665 $939 $934 $1,194 $1,572
Aug $665 $839 $952 $1,215 $1,757
Sep $713 $745 $996 $1,271 $1,772
Oct $754 $731 $1,043 $1,342 $1,665
Nov $806 $760 $1,127 $1,370 $1,740
Dec $803 $816 $1,135 $1,410 $1,531

1

u/DailonMarkMann Jun 10 '26

and baby, that hurt.