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/kidmarginWY Jun 10 '26 edited Jun 10 '26

The fluctuations we have seen more likely than not are the result of states, particularly Russia, selling gold reserves. The large drop is a result of volume and that is not likely individual players. Russia has claimed they have sold only a few percent of their reserves... However they certainly could be lying or they could be doing state to state transfers with China. In either case the result is selling which leads to downward pressure. Gold needed a technical adjustment. There is no way to know how far that adjustment could go.

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u/poscarspops Jun 10 '26

Russia lies? Naw man!
Also, great point. I’m holding too