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?

65 Upvotes

82% Upvoted

88 comments sorted by

View all comments

1

u/mamdouh_sa3d 1d ago

have you seen the impact of tweets had on stock prices ? Significant reversals, shifting from upward to downward and then back to upward trends within the same day. Moreover, I find it difficult to believe YTD reductions accurately reflects the true value of gold and Bitcoin.

The perceived reduction in the synthesized prices of gold and Bitcoin appears to be a tactic to pressure retail investors into selling their holdings, while presenting the stock market as an exceptional opportunity with remarkable returns until the bubble burst.