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# Gold Plummets and Closes Below $3930
Spot gold fell to levels below $3930 per ounce, accumulating a decline of 1.76% over the period. Selling pressure intensified with the daily drop, signaling a profit-taking movement in the precious metal.
According to data from BlockBeats, the decline follows a broader scenario of caution in the markets. Investors are monitoring possible catalysts for a trend reversal or the continuation of the downward movement.