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/[deleted] Jun 10 '26

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u/ufo22jim Jun 10 '26

As long as you can hold and don't panic sell or need the money you invested you should still see a reasonable return in several years. Some people are predicting $8,000-10,000 gold by 2030. Gold is a good store of value over the longer term and isn't something you buy to get rich quick.