The gold price is set to keep falling - for now

The price of gold has fallen by nearly $100 an ounce in the past four days. And the correction is set to continue. Dominic Frisby explains what's behind the fall – and what it means for your investments.

We finally have our shake-out in gold.

After peaking last Wednesday at about $1,220 an ounce, the price has fallen almost $100 in just four trading days. Friday's capitulation - some $60 - was particularly ugly. It shows just how much speculative, hot money there is in the sector.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.