Spot Gold Drops Below $4,130 Per Ounce, Down 1% Daily
Spot gold declined more than 1% intraday on renewed market pressure, breaking below the $4,000 level for the first time since early November.
Summary
Spot gold dropped over 1% intraday, falling below $4,000 per ounce for the first time since November 10. The move marks a significant downturn in precious metals markets, contrasting with prior gains earlier in the month.
Terms & Concepts
- Spot gold: The current market price for immediate settlement of gold, as opposed to futures or options contracts.