Gold Falls 5.5% to Below $4,115 Per Ounce in Sharpest Drop Since 2020

The statement is overwhelmingly supported by multiple high-authority sources, making it very likely to be true. The core claims about the magnitude and price level of the drop are well-corroborated.1. **Percentage Drop and Price Level:** Three sources (Reuters, Economic Times, TradingNews.com) directly confirm a 5.5% drop to a price of approximately $4,115 per ounce. A fourth source (futunn.com) reports a drop of "over 5% to $4,115." The Reuters article specifies the price as $4,115.26, which is technically not "below $4,115," but this is a minor semantic inaccuracy that does not invalidate the core claim.2. **Historical Context:** There is strong evidence that this was the largest drop since 2020. The highly authoritative Reuters and Wall Street Journal sources explicitly state this, with Reuters noting it was the steepest drop since August 2020 and the WSJ since November 2020. This part of the statement faces a contradiction from the Economic Times, which claims it was the worst drop since 2013. However, the combined weight and specificity of Reuters and the WSJ make their account more credible.In summary, the key figures (5.5% and ~$4,115) are consistently reported. The claim about it being the largest drop since 2020 is supported by the most authoritative sources, despite one conflicting report. The single minor inaccuracy and the one piece of conflicting data prevent a perfect score, but the evidence strongly points to the statement being true.