It depends on whether you want to hold Gold as long or short-term. For short term buyer, this is definitely less encouraging as the fall is real. However,  it's definitely a good tool to leverage on for long term buyers, as it serves as a reliable hedge against inflation and currency devaluation.

I view the recent drop as there will likely be higher Fed rate and possible stronger US dollars for the fact of high inflation in the US. When US offers higher interest rate, then it's reasonable for ppl to cash out into interest bearing bond, rather than 0% interest Gold. In addition it could be a seasonal correction in June and going through technical correction due to the overbuying in 2025.

# Gold Slides: At Key $4,000 Level, Time to Buy the Dip?

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