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.