Gold (XAUUSD) & Silver Price Forecast: 6% Gold Plunge – Is the $4,100 Bottom In?

Gold (XAU/USD) plunged about 6% as a hawkish Fed and rising yields crushed demand, testing the $4,000 support zone. The move raises the prospect of a deeper breakdown toward $3,816 if selling pressure and higher yields persist.

Analysis

Gold (XAU/USD) plunged about 6% as a hawkish Fed and rising yields crushed demand, testing the $4,000 support zone. The move raises the prospect of a deeper breakdown toward $3,816 if selling pressure and higher yields persist.