Gold crash reflects renewed faith in central banks ^41.8%

UnHerd - By John Rapley - 7/1/2026, 3:00 PM

Post Hoc (False Cause) 28% - Pessimism Bias 18.1% - Ambiguity (Equivocation) 16.4%

After gold’s decades-long bull run — a gentle rise which then turned sharply skyward during the pandemic — the precious metal peaked above $5,000 an ounce earlier this year. But now that high has come crashing back down. Yesterday, it was reported that gold was heading for its worst quarterly performance in almost a decade and that the... more