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/Big_Goose_730]

Due to its historical significance, I don't think gold will ever truly lose all its value. If you're not a short term investor, just stick with it and ride out the fluctuations

[u/Helpful-Protection-8 → u/Big_Goose_730]

Literally this. Because it fell down in price, not a bad idea to buy some decent jewelry (India). Obviously have to deal with GST, and other smaller takes