Gold prices dropped nearly 2% as spot rates slid below $3,910, marking significant intraday losses alongside deeper COMEX futures declines.
Spot gold fell 1.79% to $3,909.86 per ounce, breaking below the $3,910 level. COMEX gold futures recorded a steeper 2.38% drop to $3,924.20. The declines mark a sharp intraday movement compared to prior sessions and indicate growing volatility in the precious metals market.