Gold prices plunge to $3,976. Veteran investor Rick Rule explains why this mirror of the 1970s points to a massive bull run.
Gold closed at $3,976 per ounce on Thursday.
It was the lowest close of the year, erasing nearly all of the gains of the last three quarters.
The yellow metal has entered a drawdown of about 26% below its January peak near $5,600—only its fifth drawdown of more than 25% since 1960, according to Morgan Stanley analysts.
The catalyst is geopolitical.
Renewed U.S.–Iran hostilities in the Middle East have driven Brent crude above $85 a barrel, rekindling fears of sticky inflation.
After a 7.5% drop in H1 2026, will gold rebound to $4,500 or consolidate? Discover the key support levels and World Gold Council…
Gold prices plunge 29% from their peak as Fed rate hike fears trigger a massive correction. Is the bull market over? Read more.
Gold drops to $4,022 per ounce, its lowest since November 2025, as speculative investors unwind positions amid strong US economic…
GLD slips 22% from its peak as Goldman Sachs cuts its gold price target. Explore the tactical bear case and the structural bull…
Gold falls after a strong US payrolls boost rate expectations, raising carry costs and pressuring prices below key technical…
Gold prices dipped on Friday, heading for a third consecutive weekly loss, pressured by a strengthening dollar and hawkish…
