Gold prices fell to below $4,100 amid a mid-single-digit decline this year, though remain up nearly 25% year-over-year due to central bank buying.
Gold prices dropped below $4,100 after a volatile first half of 2026, marking a mid-single-digit decline for the year. The correction follows a late January spike and is attributed to a pullback in speculative overinvestment.
Despite the dip, gold remains nearly 25% higher year-over-year, supported by persistent central bank demand and potential price-sensitive jewelry purchases. Investment demand, including bars, coins, and ETFs, played a key role in marginal demand earlier in the year.
Analysts suggest a strategy of buying into further weakness, citing underlying fundamentals and support from physical demand.