Spot Gold Plunges Below $4,500, Drops Nearly $1,100 in Three Trading Days

Gold Price Plunge Triggers Market Turbulence

Recently, the gold market experienced significant volatility as spot gold fell below the critical support level of $4,500, the lowest level since January 9.

This sharp drop was primarily driven by multiple macroeconomic factors, including a stronger US dollar and shifting market expectations regarding Federal Reserve policy.

• Gold prices dropped 7.9% intraday.
• Pulled back nearly $1,100 from the historical peak of $5,596.
• This adjustment occurred within just three trading days.

Outlook for the Market

Although gold is under short-term pressure, long-term global economic uncertainty continues to support its value.

Investors should closely monitor future Federal Reserve policy moves and the trajectory of the US dollar to anticipate the next direction for gold prices.