Overview
- Spot prices pulled back to roughly $4,130 after touching an intraday low near $4,082, a fall of more than 5% on the day and as much as 6.3% intraday, according to Bloomberg data cited by RPP.
- The drop comes days after gold notched a record during the session around $4,379.93 per ounce and briefly traded back near that zone on Monday.
- Despite the slide, year-to-date gains remain large at roughly 55%–57%, reflecting sustained strength through 2025.
- Analysts attribute the broader rally to central-bank purchases, expectations for Federal Reserve rate cuts, a softer dollar, geopolitical uncertainty, and strong ETF and momentum-driven flows.
- Deutsche Bank estimates gold now makes up about 30% of central banks’ combined FX-and-gold reserves as the dollar’s share slips, while Goldman Sachs projects prices could reach about $4,900 by late 2026.