Analyst: Gold's Decline Continues, Possibly Linked to Margin Calls" Analyst Mark Cranfield stated that the decline in gold prices persisted on Tuesday, with rumors suggesting that margin calls on futures and derivatives partially contributed to this trend. The ripple effects triggered by the 10% decline in NVIDIA's stock price last week seemed to have a particularly significant impact on retail investors in Asia. This sharp decline was enough to spark conspiracy theories that the gold game was over and that central banks were cashing out and exiting the market after the surge in gold prices. However, this may just be part of the aftermath of the old-fashioned margin calls. When NVIDIA plunged 10% last week, it inevitably caused margin fluctuations in other assets favored by retail investors. NVIDIA rebounded 4% on Monday with higher-than-average trading volume, indicating significant buying on dips. If this means that most asset sales related to margin calls are about to end, then gold may only experience a healthy correction.