Updated
Updated · Investing.com · Jun 13
Gold Drops $130 an Ounce, Erasing Nearly All 2026 Gains
Updated
Updated · Investing.com · Jun 13

Gold Drops $130 an Ounce, Erasing Nearly All 2026 Gains

3 articles · Updated · Investing.com · Jun 13

Summary

  • $130 an ounce vanished from gold prices on Friday, a drop of more than 3% that wiped out nearly all of the metal’s gains for 2026.
  • That slide left the S&P 500 ahead of gold for the year, reversing gold’s earlier lead despite the metal’s 65% gain in 2025.
  • Longer-term comparisons in the report still favor gold, which it says has outperformed stocks since 1970, 2000 and 2020.
  • The report ties that case to U.S. monetary history, arguing gold has preserved value since Nixon ended dollar convertibility in 1971 and as annual federal deficits run near $2 trillion.

Insights

After a record price drop, why do experts still predict gold will surge past $6,000 this year?
With US debt soaring, could America revalue its massive gold reserves to avoid a financial crisis?
As central banks abandon the dollar for gold, is the global financial order facing a historic shift?