$XAU Spot Gold in Freefall! 📉 Breaks Below $5,160, Evaporating Over $200 This Morning.

The precious metals market is experiencing a turbulent session. Massive selling pressure emerged this morning, sending Gold prices plunging at an unprecedented pace.

Spot Gold prices have recorded a significant drop of over $200/ounce today. This rapid decline suggests panic selling or extreme profit-taking from major funds after a period of strong gains.

This sharp freefall has pushed Gold through critical support levels, now trading below the $5,160/ounce mark. Losing key price milestones so quickly puts the market on alert for a deeper correction.

With Gold prices evaporating over $200 in just a few hours, is this a golden opportunity to buy the dip, or a sign that the precious metal rally is starting to reverse? 🤔

News is for reference, not investment advice. Please read carefully before making a decision.