Posted on 10/21/2025 1:36:56 PM PDT by E. Pluribus Unum
After soaring to fresh records this week, gold prices suffered a spectacular fall on Tuesday — their biggest one-day drop since 2013.
The precious metal plunged 5.7 percent to around $4,109 an ounce as investors cashed in profits, the dollar strengthened, and safe-haven demand faded. Silver fell even harder, down 7.2 percent to under $47.50, while platinum also slipped.
It marked an abrupt end to one of the wildest rallies in years.
Gold had climbed more than 50 percent in 2025, driven by fears over inflation, geopolitics, and market turmoil. That surge was initially driven by big banks and hedge funds.
But even everyday Americans joined the rush — with trading platforms reporting a spike in interest in the metal. Others have been buying mini gold bars at Costco.
Bret Kenwell, an investment analyst at eToro, told the Daily Mail last week: 'Trading volume in gold hit a multi-year high on the metal's way to its eighth straight weekly gain.'
Many of those late-arriving investors could now be left holding the bag as the rally turns.
After warning investors on Friday to 'wait awhile' before buying, billionaire investor Bill Gross — known as the 'Bond King' — said the metal is now 'exhibiting characteristics of meme and momentum stocks.'
Gold has been on a historic pricing tear this year. But on Tuesday the price had its biggest fall in a decade
Billionaire investor Bill Gross — known as the 'Bond King' — warned that gold is now behaving like a meme stock, saying its surge has been driven as much by hype and speculation as by fundamentals
Gold is down more 5 per cent on the day, and nearly two percent over five days
Gross, who co-founded PIMCO, told Business Insider...
(Excerpt) Read more at dailymail.co.uk ...
Like the fundamentals have changed ....
(not)
Worst day..... so far!
It just went over $4,000 a couple of weeks ago.
Sheesh! Hasn’t the Daily Mail ever heard of “Profit Taking”?
Sounds like speculation, not investment.
Profit taking, exactly. Despite today’s correction, both gold and silver are each up over 10% in the last 30 days.
Gold doesn’t seem to generate income from economic activity on its part....
It’s good for making stuff though.
I just bought a municipal bond etf
Anyone who panics over one day rather than looking at longterm trends should not be in investing.
Despite today’s correction, gold is still up 57% year-to-date.
It was up ~3.5% yesterday.
Crazy numbers.
One might question if the Market is efficient or even knows anything about the future.
I had to laugh out loud. “It dropped because the dollar strengthened.”
So it is only up 41.5% this year now? How tragic. People should be lined up to jump out of windows.
Lucky I bought all of mine when it was $800.00. Oh, wait. That was a dream. Never mind.....
Bought mine at 1700. so What Me Worry?
The only “panic” was on Gold buyers who only recently got in on the climbing gold price. Some suggest such buyers with their paper losses for now should just hold onto their gold as it is going to go up more. Central banks have been buying more gold and that trend is likely not over. That activity is helping raise the price of gold. Hang in there.
Translation: buy gold in the morning.
I figured Gold was in a bubble. Pop!
As much as I don’t like the pullback, I think it is a very good, healthy move. Time to buy more.
Oh noze - silver dropped to 47.
I bought at 27 not too long ago.
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