Gold breaks below $4,000, sends Wall Street scrambling to update forecasts

Gold prices have recently dipped below $4,000 per ounce, causing a stir on Wall Street as analysts scramble to revise their forecasts. This decline follows a remarkable surge earlier in the year, driven by macroeconomic uncertainties and increased central bank purchases. The shift in gold's value is significant as it reflects changing economic conditions and investor sentiment, making it crucial for market watchers and investors alike.