Gold Prices Down 30% From Record High as Rate Hikes and AI Stock Correction Shake "Safe Haven" Status - BigGo Finance

AI desk brief

Gold traded below $4,000/oz on November 3 in the article’s 2026 context, down 29% from January’s record and 9% year-to-date. The report links weakness to rate expectations and a dollar index up 3%; nominal Treasury yields alone do not establish higher real yields. Citing WGC figures, it reports bar-and-coin demand down 19% year-on-year and jewelry demand down 17%, without specifying reporting periods, despite continued central-bank buying. Analysts suggest AI-stock losses and margin calls may have prompted gold liquidation, rather than documenting those flows. Interactive Brokers’ Jose Torres warns of possible multi-year stagnation, arguing renewed investor demand is needed for recovery.