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. Inve
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