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Why The Current Gold Pullback Is The Last Chance Before $6,000

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by ITM Trading
Wednesday, Apr 15, 2026 - 20:08

So gold hit record highs above $5,600 earlier this year. Now? Middle East is on fire, oil spiking, geopolitical risk through the roof—and gold is chopping sideways like a confused hedge fund manager.

What gives?

Chris Mancini of Gabelli Gold Fund says WAIT. During a crisis, gold becomes liquidity. Turkey dumped 60 tons to prop up its currency. Gulf states? Probably selling too because they can't move oil.

But here's the punchline: once the dust settles, $6,000 gold is coming. Central banks are done lending to bankrupt Western regimes. They're buying gold. The debasement trade is just getting started.

Bitcoin? 10,000 knockoffs. Gold? Can't replicate it.

Patience, degens.

Follow Daniela on X: Daniela Cambone

About ITM Trading: ITM Trading has been a trusted leader in precious metals for over 28 years, helping clients protect and grow their wealth with custom gold and silver strategies designed for economic downturns and currency resets.

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