Gold meltdown underway: What’s ahead as key $4,000 level looms

Gold has fallen over 20% since the beginning of this month, erasing all the gains seen earlier this year. The bearish pressure is unlikely to recede in the near future, as central banks have turned hawkish, which doesn’t bode well for the precious metal. Is the Gold Rush over? Gold has fallen over 20% since the beginning of… Gold has fallen over 20% since the beginning of this month, erasing all the gains seen earlier this year. The bearish pressure is unlikely to recede in the near future, as central banks have turned hawkish, which doesn’t bode well for the precious metal. Is the Gold Rush over? Gold has fallen over 20% since the beginning of this month, erasing all the gains seen earlier this year. The bearish pressure is unlikely to recede in the near future, as central banks have turned hawkish, which doesn’t bode well for the precious metal. Is the Gold Rush over?Central banks turn hawkish on inflation fearsAs the US-Iran conflict drags on further, higher Crude Oil prices have bolstered bets that central… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch whether the reaction stays isolated to one name or spills into the broader sector, index futures and correlated risk assets.