Gold's $4,000 support breaks, but is the selloff overdone? - Kitco
Gold's $4,000 support breaks, but is the selloff overdone? - Kitco
Source: Kitco
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DW NOTE
Gold breaking $4,000 support after falling 25% from its January peak isn't overdone — it's belated. The metal hit $5,318 pricing in crises that either didn't materialise or markets stopped caring about. The Strait of Hormuz has been effectively closed for six days and gold is still falling. That tells you everything about what January's rally was worth.