Gold Breaks Below $4,000! Will We See $3500?
Spot gold breached the key $4,000/oz level on June 24, falling 2.8% intraday — its first close below that threshold since November 2025 — and now sits nearly 30% off its all-time high set in January, entering deep correction territory. Rising Fed rate-hike expectations following Waller's hawkish pivot, and climbing Treasury yields diminish the appeal of non-yielding gold. With $4,000 serving as a critical support line, a sustained break opens further downside. Down nearly 30% and below $4,000 — will you average in on the dip, or wait for peak rate-hike expectations before acting?