Overview
- Gold fell 5.7% on Tuesday to $4,109.10 an ounce, then slipped another 1.1% on Wednesday to $4,065.40, following an intraday peak near $4,398 earlier in the week.
- Gold-backed ETFs recorded their largest single-day tonnage outflow in five months, signaling reduced positions by institutional investors.
- A strengthening dollar over recent sessions increased the metal’s cost for non‑U.S. buyers as optimism over Trump–Xi talks tempered safe-haven demand.
- Markets are watching Friday’s postponed U.S. CPI release, with the outcome likely to influence rate-cut expectations and near-term gold pricing.
- Historical data show prices often recover modestly after 5%+ daily drops, while Citi sees consolidation near $4,000 and JPMorgan maintains a longer-term bullish outlook.