Why is gold price nosediving by over 12% and will it go below $4,724 or rise again? Gold crash explained. Here's what should investors do now

Why is gold price nosediving by over 12% and will it go below $4,724 or rise again? Gold prices fell after the U.S. dollar strengthened following Kevin Warsh’s Federal Reserve nomination. Reduced safe-haven demand triggered heavy selling. Citi expects some risks to fade in 2026, keeping gold volatile around key levels.