Why is the Gold Price Declining Today?
Why is gold falling today? Breaking down the four key drivers — a stronger dollar, Fed rate hold, Middle East demand shock, and technical resistance — behind gold's 19% drop from its all-time high, with updated institutional forecasts for 2026. Overview On May 21, 2026, spot gold (XAU/USD) is trading near $4,539 per ounce — approximately 19% below the all-time high of $5,589 set on January 28, 2026. For many investors, this decline feels counterintuitive: geopolitical tensions remain elevated, i