Gold's Defense of $4,000: June Selloff, ETF Outflows, and the Contrarian Case for Bullion
Gold futures held $4,037 per ounce on Tuesday, July 14, posting a modest +0.78% gain that belies the scale of the sell-off that preceded it. The June selloff was one of the sharpest corrections in precious metals in years, stripping $1,500 from the $5,586 peak gold reached in February 2026, and now the $4,000 level is the only line between a recovery trade and a deeper test toward $3,800. Key Takeaways Gold futures (GC=F) traded at $4,037/oz on July 14, holding the psychologically critical $4,000 level after a 28% decline from the February 2026 peak of $5,586. Global gold ETFs saw $8.9 billion in outflows in June 2026, the largest monthly exit since late 2022, led by North American investors…
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