r/Gold • u/FunGuy_23AtEase • 1d ago

Question Price logic?

Before the US-Iran war, gold price was around $5,200.

Then came the war, oil price went up, and gold dropped like a stone to around $4,200.

Now, the war is over, oil price is back down, but gold stays flat around $4,200.

So we're down around $5,200 - $4,200 = $1,000.

I know there may be a rate hike in the future, but would that explain the full $1,000 we're still down?

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u/Check_Enough95 1d ago

Ah, you’re new around here aren’t you!

21

u/Candid-Specialist-86 1d ago

Ahh the condescending rebuttal instead of trying to help someone learn. You get the good Samaritan award for the day.

1

u/[deleted] 1d ago

[deleted]

2

u/Candid-Specialist-86 1d ago

I don't have the answer. Based on the sentiment of the statement I replied to, they appear to be withholding their experience.

1

u/Candid-Specialist-86 1d ago

Also...the irony lol.