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Snapshot 4:Mon, Feb 2, 2026 9:15:32 AM GMT last edited by Mr Bot

Gold Plunges in Record Decline After Fed Chair Nomination

Gold Plunges in Record Decline After Fed Chair Nomination

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The Spin

Gold's sharp correction was inevitable after an unsustainable melt-up from $3,000 to $5,500 without meaningful pullbacks. The structural drivers behind the rally remain intact, including geopolitical tensions, fiscal uncertainty and currency debasement concerns. Investors should view this as a buying opportunity to gradually build positions through a phased approach.

The wild gyrations in precious metals reveal dangerous froth disconnected from fundamentals. Bond markets show no inflation fears, Treasury yields moved opposite to debasement predictions and the dollar's movements contradict the safe-haven narrative. Markets don't care about emotions, and those who ignored warnings about a 25-35% crash got exactly what they deserved.


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© 2026 Improve the News Foundation. All rights reserved.Version 6.18.0

© 2026 Improve the News Foundation.

All rights reserved.

Version 6.18.0