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Spot Gold Falls Below $4,600 an Ounce for First Time Since April 2

According to Gate and Odaily, spot gold fell below $4,600 for the first time since April 2 as intraday losses deepened, while spot silver also dropped sharply in the same session.

GT

Fact Check
The claim is well supported by Odaily's own time-stamped market flashes. In 现货黄金失守 4600 美元关口, Odaily explicitly says spot gold fell below $4,600 per ounce on April 28, 2026, 'for the first time since April 2.' In 现货白银日内跌 4%，现报 72.42 美元/盎司, Odaily further states that gold's intraday decline expanded beyond 2% while spot silver fell 4%, matching the claim that silver also dropped sharply in the same session. The earlier Odaily item 国际现货金银短线下挫 shows the selloff developing earlier in the day. PANews' 现货黄金跌破4600美元关口 independently corroborates the sub-$4,600 level, although it cites Bybit rather than Gate. Confidence is medium rather than high because the evidence is from crypto/news market-flash outlets summarizing third-party market data rather than a directly fetched exchange or benchmark metals feed.
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Summary

Spot precious metals weakened sharply in intraday trading, with spot gold falling below $4,600 per ounce for the first time since April 2 and later dropping more than 2% to $4,582.05 per ounce, according to Gate and Odaily. Odaily reported a 1.75% daily decline when gold broke the $4,600 level, while Gate data also showed an earlier reading of gold below $4,630 with a 1.11% daily loss before the selloff deepened. Spot silver fell alongside gold, dropping from an earlier reported 3.00% decline to $73.21 per ounce to a later 4% loss at $72.42. Across the session, silver underperformed gold on a percentage basis.

Terms & Concepts
  • Spot price: The current market price for an asset available for immediate purchase or sale.
  • Intraday trading: Price movements that occur within a single trading day rather than over longer time periods.
  • Spot gold: The current market price for immediate purchase or sale of gold, rather than a futures contract settled at a later date.