Gold drops to $4,900 — but one analyst says the precious metal trade 'remains intact'

Gold (GC=F) retreated more than 2% on Tuesday amid a broader market sell-off, but the recent volatility may be temporary as Wall Street analysts see the precious metal reaching new highs in 2026. Gold futures hovered around $4,900 as Asian markets closed for the Chinese New Year. Meanwhile, Iran and the US reached a “general agreement” on a possible nuclear deal, easing tensions in the Middle East. "Despite short-term softness, the structural drivers supporting gold remain firmly in place," Ole Hansen, ...