Gold’s Rollercoaster Ride: Why Prices Are Falling After Hitting $3,500

Gold recently soared to an all-time high of $3,500 per ounce, driven by economic uncertainty and global trade tensions. However, the precious metal has since retreated, dropping over 7% as optimism returns to financial markets. The easing of U.S. trade restrictions, a strengthening dollar, and profit-booking by investors have contributed to the decline. With the Federal Reserve’s next move on interest rates looming, analysts are debating whether gold will rebound or continue its downward trend. Could central bank purchases and geopolitical shifts push gold toward $5,000 in the coming years, or is this correction a sign of stabilization? Explore the key factors influencing gold’s price movements and what they mean for investors in the months ahead.