Spot Gold Rises Above $4,290 as Futures Break $4,300 Mark
Gold prices dropped sharply, losing over $70 in just 30 minutes on October 22, resuming their downward trajectory after recent volatility and record highs earlier in the week.
Summary
On October 22, 2025, spot gold fell below $4,070 per ounce, declining more than $70 within a 30-minute span and reversing a brief rebound seen earlier in the day. The drop marked a resumption of the metal’s downward trend following a record high of $4,381 on October 20 and significant volatility over the past week.
Terms & Concepts
- Spot Gold: The current market price at which gold is bought or sold for immediate payment and delivery.