Gold Price Still Falling: Six Reasons and Technical Outlook

Gold fell 31% from its January record of $5,598 to a one-year low near $3,870 on October 30, then bounced to about $4,136. BeInCrypto cites six drivers: hawkish Federal Reserve policy, higher Treasury yields and a strong dollar, the oil shock, forced selling, gold ETF outflows, and weak Chinese jewelry demand. Upcoming U.S. jobs data, CPI, and the December Fed meeting are seen as key catalysts.