US Dollar Strength Drives 29% Gold Pullback From All-Time High | Metals Mine

  • US Dollar Strength Drives 29% Gold Pullback From All-Time High

    From fxleaders.com

    Spot gold has undergone a sharp 29% correction after peaking at an all-time high of $5,589/oz in January 2026. It breached the psychologically significant $4,000 mark in late June, finding dynamic short-term support in the $3,960–$3,970 range before experiencing a minor relief bounce to around $4,050/oz. The primary culprit behind gold’s multi-month slide is a massive shift in macroeconomic sentiment: A resurgence in inflation (partially driven by the aftermath of the earlier Iran conflict) has forced a hawkish shift by the Federal Reserve. Markets are currently pricing in up to three rate hikes this year. ... (full story)

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Sufiyaan
2 hr 40 min ago
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This is just a manipulation gold will open with a gap up maybe 4250 before going anywhere !!!
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anjanbabu
2 hr 32 min ago
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There is thick fat support at 3880, and 3200 is even thicker. I bet gold will ride it down before starting to move up. Remember, we have been in a downtrend since the last week of March.
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Trader#CAC4
2 hr 4 min ago
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Good luck with that
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Bakker
2 hr 26 min ago
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Gold ready to jump first thing Monday.
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mamad2026
3 hr ago
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So it's better to get TB.
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Trader#4633
2 hr 2 min ago
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What is TB?
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Fokiutrumpet
2 hr 13 min ago
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The calm before the storm
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Zahid280
58 min ago
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As soon as the gold market opens, there is a resistance above. If the price breaks this resistance, gold is likely to move higher.
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paramourfxtr
32 min ago
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With the Fed turning hawkish due to inflation sticky-points and Gold already down 29% from its $5,589 peak, this new US-Iran de-escalation is the final blow that will strip the remaining war risk premium, letting the Big Sharks drive Gold firmly under the $4,000 mark.
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Trader#AD22
2 hr 54 min ago
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Gold next support is 3889 and eventually gold will get reversed from 3605 to 3610
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Trader#CAC4
2 hr 3 min ago
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Lol
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Thefejirofx
2 hr 48 min ago
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I places my trade at 3,855
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Trader#879B
4 hr ago
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what about gold price tommarow
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Trader#A111
3 hr ago
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i guess it would hit 3800 before going up
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Rashmi164
2 hr 50 min ago
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Gold immediate support is 3889 and eventually gold will get reversed from 3605 to 3610
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Trader#E85F
1 hr 31 min ago
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Yes
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Trader#6A28
1 hr 27 min ago
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Gold must need to hit 4200 before going down
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