After climbing to an all-time high of over $5,300 per troy ounce in January 2026, the spot price of gold dropped to around $4,100 on July 1, punctuated by a 10% drop in June. That was its fourth straight monthly decline. A similar story has played out in silver.
To say that’s shaken out many weak hands would be an understatement. However, that may be shortsighted. While predicting market tops or bottoms is a fool’s errand, there are a couple of catalysts to suggest gold prices may be ready to reverse course and bounce higher.
