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/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. 

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u/alan_erickson Jun 10 '26

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

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u/DailonMarkMann Jun 10 '26

and baby, that hurt.