Gold Fell When Investors Needed It to Rise

Gold dropped below $4,100 per ounce in late June 2026 when tech stocks crashed and investors rushed to sell everything to raise cash—including gold. Gold is supposed to hold steady when stocks tumble, but it fell instead. People who bought gold as insurance above $4,000 watched it behave like stocks, not protection. This mismatch usually corrects itself, but no one knows when.