The spot gold price experienced significant selling pressure, dropping up to 6% in today's trading. At its lowest point, this precious metal instrument briefly fell below USD 4,600 per ounce, marking a critical level for market participants. According to Odaily reports, intraday losses reached 6.10% in the trading session, reflecting strong bearish sentiment towards this safe-haven asset.

The sharp decline in the valuation of 1 ounce of spot gold indicates a shifting momentum in the commodities market, although there is no clear fundamental explanation behind the massive selling pressure. Investors are still monitoring the USD 4,600 support level as an important reference for the next move.