Gold Falls Below $4,350 an Ounce, Down More Than 5% Since Futures Opened
The move erased about $1.5 trillion in market value within three hours, according to the source, highlighting a sharp sell-off in the precious metals market.
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Terms & Concepts
Futures: Standardized contracts to buy or sell an asset at a set price on a future date, often used for hedging or speculation.
Market capitalization: The total market value of an asset or sector, typically calculated by multiplying price by the circulating or outstanding supply.