Key Facts
Gold fell 0.77 percent to about 3,986 dollars on June 29. It slipped back below the 4,000 line after a two-day bounce.
Gold has formed a “death cross.” Its 50-day average has dropped below its 200-day average, a classic signal that the downtrend is now entrenched.
Silver dropped 0.98 percent to about 57.69 dollars, also at a fresh low.
The trigger for the drop was renewed US–Iran friction over Gulf shipping, which lifted oil and revived inflation worries.











