Yes

>>Gold slides under $5,150 as profit‑taking and a stronger dollar drive a steep correction.

Gold slides under $5,150 as profit‑taking and a stronger dollar drive a steep correction.

crypthub

about 9 hours ago

Price Drop and Immediate Catalysts

Gold fell below $5,150 per ounce, the sharpest quarterly dip. Profit‑taking after a rally and a jump in the US Dollar Index drove the sell‑off. Futures volume rose 35% and the SPDR Gold Shares ETF shed 4.5 tonnes.

Technical Breakdown and Support

The $5,150 level had been a five‑day floor; its breach triggered automated sells. Analysts eye $5,050‑$5,080, near the 50‑day moving average, as next support. A break there could open a drop toward $4,950.

Macro Context and Outlook

A stronger dollar, buoyed by higher‑for‑longer US rates, hurt gold’s appeal. Central‑bank buying and gold’s hedge role keep a floor, making the pullback a possible entry point. Future Fed policy will continue to steer prices.