Subject: Gold down
Down ~18.5% from $5,589 to ~$4,551
The USD index is staying high - 99-100
The price you see is dominated by paper gold—futures, ETFs, and leveraged trades—not physical bullion.
When large institutional players de‑risk, the futures price can fall sharply even if physical demand is steady.
After strong gains, investors are rotating into cash and the dollar.
The other possability is that Iran and Ukraine are selling to finance their wars in the absence of external support.

Jeff