Gold briefly slips below $4,000. It needs to hold that level to be a buy. | Metals Mine

  • Gold briefly slips below $4,000. It needs to hold that level to be a buy.

    From msn.com

    Gold got off to a hot start this year, extending its big gains from 2025 and surging nearly 30% through late January to a record high of around $5,600 an ounce. That now seems like a distant memory. The yellow metal has crashed in the past few months. Gold prices fell 3% Wednesday and briefly dipped below $4,000. Gold is now down more than 7% this year. The culprits? Worries about inflation and the possibility of higher short-term interest rates from the Federal Reserve. That has pushed up both long-term bond yields and the U.S. dollar in recent months. And that’s bad news for gold investors. The U.S. 10-Year ... (full story)

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silvershanks
26 hr ago
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Briefly? 4000 is now resistance... we will probably only see it again by EOY
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Trader#BCFF
26 hr ago
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Gold is always a buy. This temporary decline in price is just another opportunity to buy more.
Reply

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