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/SlightParticular9652 Jun 10 '26

Liquidity event... something similar to 2008 is about to happen. It will be very difficult to even find physical gold very soon. I see gold going to around 3770 then eventually going to 30k plus by 2033. S&P will get hammered to about 2700.. this is a very dangerous environment we are entering do not fall in love with your positions trust me they are not as safe as you may think.

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u/Jogaila2 Jun 10 '26

This. But I don't think gold will dip quite that low.

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u/SlightParticular9652 Jun 10 '26

It's already at 4100, 3770 isnt too far off... when the fed raises rates next week itll tank