Spot $XAUT (Gold) has officially broken below the critical $4,000 per ounce threshold for the first time since July, hitting a fresh three-month low of $3,986.50 during volatile trading. This sudden liquidation highlights a major divergence where the traditional safe-haven asset is collapsing alongside a broader correction in global equities.
Key Macro Drivers Behind the Collapse
• Liquidity Crunch • Tech and AI stock rout forcing massive capital liquidations. • Traders selling gold to cover urgent margin calls. • Hawkish Fed Expectations • High real interest rates raising the opportunity cost of bullion. • Traders pricing a 90% chance of a December rate hike. • Energy Inflation Pressures • Brent crude surging above $110 per barrel over supply disruptions. • High energy fuels sticky inflation, forcing tighter monetary policie