Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high

Kahler: Don’t go for the gold and end up with copper. Make market decisions based on knowledge, not fear — The South Dakota Standard

On Jan. 21, 1980, in what I thought was a brilliant financial move, I bought gold. At what was then an all-time high of $873 an ounce.Fast-forward 45 years, and here we are again. Gold is on a tear, priced just over $3,000 an ounce at the time of this writing. It needs to rise another 16% to reach its inflation-adjusted record and many analysts think it might just get there.What’s driving this gold rally? The same thing that drove it in 1980 — f…

Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high

Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.