Gold trades at $4,174, a new 2026 low
Gold prices have fallen 23% from a record $5,418 per ounce in January to $4,174.
The decline may be due to a potential move at the Federal Reserve, causing investors to reconsider their positions in precious metals.
Gold demand comes from investors seeking to hedge against economic uncertainty, with some buying physical metal and others using exchange-traded funds like the SPDR Gold Shares ETF.
The metal’s scarcity, with only 219,890 tons extracted from the Earth, contributes to its value as a store of value.