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Gold Falls Below $4,600 as Market Cap Loses More Than $1 Trillion

The source says gold dropped under $4,600 while silver fell below $70, marking a sharp decline across precious metals prices.

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Terms & Concepts
  • Market capitalization: The total value of an asset, calculated by multiplying its price by the circulating supply or outstanding quantity.
  • Safe-haven asset: An asset investors often buy during periods of uncertainty because it is viewed as relatively stable in times of market stress.