According to Odaily, spot gold dropped 1.75% on the day, pushing the metal below the $4,600-per-ounce level for the first time in nearly a month.
Spot gold declined below $4,600 per ounce for the first time since April 2, according to Odaily. The move represented a 1.75% daily drop. In market terms, a break below a recent price threshold can signal weakening short-term momentum, although the report only confirms the price move and does not provide further causes or broader market context.