Price of gold

[Dustparticle]

 

If I'm right, earlier this year it was over 5,500 per ounce, now it is around 4,000 per ounce. What is going on?

[Qapla]

The price of gold has dropped recently, falling to around $4,099 per ounce after retreating significantly from its record highs. Prices have tumbled roughly 10% over the past month as a global tech selloff, a stronger dollar, and hawkish Federal Reserve interest rate expectations have pressured the precious metal.

 

 Despite short-term volatility and recent selloffs, gold is still up roughly 23% compared to this time last year. Many long-term investors view dips as opportunities to accumulate more, noting gold's historical role as a store of value. Analysts point out that despite near-term pressure; structural drivers such as central bank reserve diversification and high global debt continue to support a strategic case for holding gold. Analysts point out that despite near-term pressure; structural drivers such as central bank reserve diversification and high global debt continue to support a strategic case for holding gold.

 

Gold is expected to find a strong price floor between $3,800 and $4,000 per ounce. While spot gold recently dipped below the critical $4,000 threshold to touch a seven-month low, market experts view this as a short-term, policy-driven correction rather than a permanent crash. 

Edited 9 hours ago by Qapla

[LeslieDean]

2 hours ago, Qapla said:

The price of gold has dropped recently, falling to around $4,099 per ounce after retreating significantly from its record highs. Prices have tumbled roughly 10% over the past month as a global tech selloff, a stronger dollar, and hawkish Federal Reserve interest rate expectations have pressured the precious metal.

 

 Despite short-term volatility and recent selloffs, gold is still up roughly 23% compared to this time last year. Many long-term investors view dips as opportunities to accumulate more, noting gold's historical role as a store of value. Analysts point out that despite near-term pressure; structural drivers such as central bank reserve diversification and high global debt continue to support a strategic case for holding gold. Analysts point out that despite near-term pressure; structural drivers such as central bank reserve diversification and high global debt continue to support a strategic case for holding gold.

 

Gold is expected to find a strong price floor between $3,800 and $4,000 per ounce. While spot gold recently dipped below the critical $4,000 threshold to touch a seven-month low, market experts view this as a short-term, policy-driven correction rather than a permanent crash. 

That sounds very detailed and complicated. I didn't understand a word. I'm so relieved that Jehovah will care for me regardless of my understanding capacity. 

[computerwiz]

5 hours ago, Dustparticle said:

 

If I'm right, earlier this year it was over 5,500 per ounce, now it is around 4,000 per ounce. What is going on?

 

Gold's price peaked and subsequently began dropping due to the appointment and confirmation of Kevin Warsh as Fed chair.  Kevin Warsh's appointment shifted market expectations toward higher interest rates and created market volatility, which triggered a shift away from commodities like gold.

 

Cash Becomes More Desirable: Kevin Paffrath (YouTube personality who tends to know what he's talking about) cites a Bank of America warning indicating that this "bear flattener" environment usually signals a move into an era of stagflation. When yields rise and liquidity is squeezed, "cash is more desirable," causing investors to pull their money out of commodities like gold and reallocate it.

[Dustparticle]

I’m not pushing it, but the best investing is to invest into chocolate.

[LeslieDean]

1 minute ago, Dustparticle said:

I’m not pushing it, but the best investing is to invest into chocolate.

I'm thinking you may have come up with 'therefore let us eat chocolate today for tomorrow our savings may perish'