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Line chart showing gold's spot price falling 1.9% to $4,365.97 during its late-August reversal.

Gold's spot price closed at $4,365.97 on September 1, down 1.9% and capping a round trip from an August 25 peak near $4,658.59. Research on attention-driven buying by Barber and Odean suggests investors who bought gold only after its surge became headline news are bearing the brunt of the reversal. The retreat began once Federal Reserve officials signaled openness to a September rate increase, ending weeks of buying tied to Strait of Hormuz coverage.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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