Gold Falls Below $4,000 for the First Time Since July. What’s Next? - Yahoo Finance

AI desk brief

Gold fell below $4,000/oz for the first time since July, hitting a low of $3,986.85 after a tech-led selloff spilled into precious metals. Just three weeks earlier, a major Wall Street bank had identified $4,000 as a floor, underscoring the speed of the reversal and the market’s conflicting near-term views.

The drop coincided with Thursday’s Nasdaq slide of 2.60% to 26,008.86 and the S&P 500’s 1.21% decline, with gold reportedly off $116 on the day. Market account Bull Theory estimated that gold and silver together lost more than $1.3 trillion in value.