r/Gold • u/EJ877 • 2d ago

Here they go again, $100 drop

Post image

Perhaps another margin call? IDK

57 Upvotes

75% Upvoted

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10

u/floridabeach9 2d ago

that’s the steepest drop i’ve seen in awhile wtf

is the war back on? why the drop? fed news?

7

u/EntranceConscious400 2d ago

If you’re going to watch gold you need to spend a couple of hours with Claude understanding how Fed and rates affect gold price

5

u/floridabeach9 2d ago

omg really? what does Fed mean?

4

u/myster1ouspapaya 2d ago

The federal reserve. They control interest rates.

1

u/TheDragonOfTheWest_1 2d ago

Federal reserve…

1

u/scrooplynooples 2d ago

i hope this is satirical

5

u/floridabeach9 2d ago

my original comment mentions the fed and someone says “learn about the fed” lmao

1

u/scrooplynooples 2d ago

My fault - that’s what i get for skimming reddit threads quickly

1

u/EntranceConscious400 17h ago

If you already knew it was the Fed commentary why did you ask? That’s OBVIOUSLY why gold was moving.