Gold prices fall sharply below $4,350 per ounce, declining more than 5% shortly after futures trading opens. The rapid move reflects intense selling pressure amid heightened volatility across global markets.
The drop wipes out approximately $1.5 trillion in gold market capitalization within just three hours. Gold is now down about 22% from its recent record high, officially entering bear market territory as traders unwind positions following extreme price swings.
Analysts say the move highlights fragile liquidity conditions in commodities markets. With volatility elevated, gold continues to experience large intraday swings driven by macro uncertainty, forced liquidations, and rapidly shifting investor sentiment.
