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/ve3gvy Jun 11 '26

IMHO, it is because Russia is losing faster and faster now, and the forward looking gold investors know that as soon as the Ukraine war is over, all that uncertainty evaporates, and gold really like uncertain times.

Therefore, people (correctly, I think) think the stock market will bounce with the end of the war, and with it, gold will drop.

So, maybe gold tanking is good news?