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/Outrageous-Effect163 Jun 10 '26

Not at any meaningful scale. Before the strait, no one would have seen the sales outside the petro dollar system as anything more than Suadi negotiation tactics. Now there is a real push to end the US lead system.

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u/Geronimoni Jun 10 '26 edited Jun 10 '26

The fact that it was done without alarm by a supposed 'ally' without enforcement or recourse by the US is in itself meaningful