Gold Falls for 8 Consecutive Days, Largest Weekly Drop Since 1983

Gold Collapsed Before BTC

8 consecutive trading days of declines, dropping to 4,320, creating the largest single-week drop since 1983. Middle East conflict lasted 4 weeks with oil prices continuously rising, inflation expectations increased, and the door to rate cuts has closed.

You see, safe-haven assets aren't always safe havens. When inflation pressure is large enough, gold gets dumped too.

This round of moves gives me the feeling that the market is repricing "when will rate cuts come." If central banks don't cut rates, all assets will need to be revalued.