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Spot gold drops more than 2% to $4,238.85 an ounce

Spot gold drops more than 2% to $4,238.85 an ounce

Gold fell below the $4,300-per-ounce threshold to as low as $4,238.85 after earlier trading around $4,291.07, extending the day’s decline from 0.92% to more than 2% in updates citing market data.

Fact Check
The cnyes.com market wrap explicitly states spot gold fell more than 2% to $4,238.85/oz on 2026-06-18, exactly matching the claimed price and magnitude. The supplied PANews article independently confirms the intermediate level of $4,291.07 at -0.92% on the same day, corroborating the claim's narrative that the decline extended from 0.92% to more than 2%. The follow-on PANews report of a break below $4,200 confirms the broader downtrend.
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Summary

Spot gold fell below the closely watched $4,300-per-ounce level, dropping from an earlier quoted $4,291.07, down 0.92% on the day, to a later update showing it down more than 2% at $4,238.85 per ounce. The reported move, based on cited market data, marks a sharper intraday decline in the real-time benchmark price for gold.

Terms & Concepts
  • spot gold: Gold priced for immediate delivery
  • ounce: Standard unit for precious metals