Gold's Turmoil_ Why Prices Hit Rock Bottom

On June 5, 2026, gold faced its worst day of the year, dropping below $4,500 per ounce. This significant plunge challenges the long-held belief that gold is a reliable safe haven during economic uncertainty. Just to put this in perspective, gold futures for August delivery fell to $4,443 per troy ounce, a steep decline from the prior day’s close of $4,505.

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