Rabobank’s report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy. The report emphasizes the ongoing uncertainty in the market despite concerns over geopolitical tensions.
Gold’s streak comes to an end
“The record-breaking streaks in gold and silver have also ended – at least for now. The precious metals are currently down about 8% and 12% from their peaks, respectively.”
“The retracements are notable, but we wouldn’t say that the debasement trade or diversification from the US have now stopped.”
- Gold retains negative bias near $4,700, ascending channel support on firmer USD
- Gold trades range-bound after bounce from weekly low as US-Iran uncertainty persists
- Free forex signals for Tuesday 21/04/2026
- GBP/USD rebounds toward 1.3530 as US Dollar eases after recent surge
- EUR/USD holds above 1.1770, awaiting the outcome of US-Iran peace talks
Free Forex Signals 
Leave a comment