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Spot Gold Takes a Sharp Tumble, Sliding Below $4,330 Mark
The precious metals market witnessed a notable downturn on December 29, as spot gold experienced a significant sell-off, dropping over $100 per ounce in a single trading session. The yellow metal retreated below the $4,330 threshold, marking a decline of 2.21% for the period.
This pullback in spot gold reflects broader market volatility, signaling a shift in investor sentiment as traders reassess their positions ahead of year-end activity. The intraday movement underscores the pressure faced by traditional safe-haven assets in the current trading environment.