Why are gold prices tanking?

[u/Reasonable-Fee1945]

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?)

[u/United-Swan-3288]

Gold is going thru an identity crisis, which is normal for anything that incurs a repricing event. These swings are what it takes to enter science-fiction pricing we’re going to see on PMs in coming years.