6 Reasons Why Gold Price Is Still Falling

Gold has crashed 31% from its January record of $5,598 to a one-year low near $3,870 on October 30. Six forces explain why gold is falling, while the charts show where the selloff could stop. The metal has since bounced to about $4,136, nearly 7% above the low, after the US midterm results weakened the dollar. Whether the rebound lasts depends on a cluster of resistance levels overhead. Why Is Gold Falling? The 6 Main Reasons 1. A hawkish Federal Reserve. The Fed raised rates to 3.75–4.00% in September, its first hike since July 2023. It held rates on October 28 but left the door open to more tightening. Traders now price about 78% odds of another 25-basis-point hike in December, according to FedWatch .

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