Spot Gold Tumbles Below Critical Level, Falls 2.21% on December 29

2026-01-05 14:40:33

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The precious metals market experienced significant downward pressure on December 29, with spot gold sliding sharply during intraday trading. The commodity broke through the $4,330 per ounce threshold, marking a notable retreat from earlier levels. This decline wiped out over $100 from spot gold’s value, reflecting a 2.21% drop that caught the attention of market participants tracking precious metal movements.

The sharp pullback in spot gold represents one of the more pronounced moves in recent trading, as investors reassess their positions in the commodity sector. The breach below the key $4,330 level signals potential weakness in near-term price action for spot gold traders monitoring technical levels.

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