Gold Price Forecast: XAU/USD Plunges 12.4% Toward Critical Support - StoneX
Gold Price Forecast: XAU/USD Plunges 12.4% Toward Critical Support - StoneX
Source: StoneX
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DW NOTE
Gold has fallen 20.9% from its January high while the Strait of Hormuz remains commercially closed, inventories drain at 3 million barrels per day, and the Fed hikes into a $1.9 trillion deficit. That inversion — safe haven selling into compounding supply shocks — suggests either forced liquidation or a market repricing the dollar's position as something other than a liability.