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Gold Drops More Than $40 Intraday as Silver Prices Slide Sharply

Spot gold posted a steep intraday decline, while spot silver and New York silver futures both moved lower during the session.

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Terms & Concepts
  • Spot price: The current market price for immediate purchase or sale of an asset, rather than for future delivery.
  • Futures contract: A standardized agreement to buy or sell an asset at a set price on a future date, commonly used for hedging or speculation.