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US Dollar Strength Drives 29% Gold Pullback From All-Time High
Spot gold has dropped 29% after reaching a peak of $5,589/oz in January 2026. The price fell below $4,000 in late June. Short-term support was identified between $3,960 and $3,970.
What changed
Gold prices have fallen to seven-month lows following a sharp correction from January peaks.
Live updates
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US Dollar Strength Triggers 29% Gold Price Correction
confidence 90%Spot gold has dropped 29% after reaching a peak of $5,589/oz in January 2026. The price fell below $4,000 in late June. Short-term support was identified between $3,960 and $3,970.
What's confirmed:
- Spot gold experienced a 29% correction after hitting an all-time high of $5,589/oz in January 2026.
- Gold prices breached the $4,000 mark in late June.
- Short-term support for gold was found in the $3,960 to $3,970 range.
Still unconfirmed:
- Gold and silver prices have fallen to seven-month lows.
- Inflation data has eased rate-hike bets as gold steadied near $4,000.