Gold Prices Plummet Amid Global Market Sell-Off
In a tumultuous trading session on Monday, gold prices experienced a significant decline, falling over 1% as global markets reacted to mounting economic concerns. The spot price of gold dropped to $2393.66 per ounce, while U.S. gold futures decreased by 1.4% to $2434.10. This downturn in gold prices can be attributed to traders cashing out on profits accrued during previous market highs, exacerbated by a broader sell-off across various sectors. The sell-off reflects investor anxiety regarding ec...