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Gold Price Prediction: Fed Slashes Rate Cut Outlook and Sends Gold Crashing 10% From $5,000 — Where Is the Floor?
What happened
Gold is in freefall and the chart looks ugly fueling bearish price prediction. After consolidating near all-time highs above $5,000 for most of early 2026, the metal cracked hard. Two consecutive sessions wiped roughly 6%. The $5,000 psychological barrier broke on Wednesday..
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