Gold Signals Trouble Ahead: $3,500 Could Mark the Market's Breaking Point

Gold is flashing a dire warning. Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, says gold is “front-running” a looming U.S. stock market pullback by year-end. With the U.S. equity market trading at dangerously unsustainable levels, gold is “sniffing out” the endgame.

The $40 trillion U.S. debt mountain and peak long bond yields add fuel to the growing macroeconomic stress. McGlone cautions: if gold stays above $3,500 an ounce, it signals that stocks are “probably tilting over.” The bullion’s surge isn’t just a safe haven—it’s a flashing red alert for investors.

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