🚨 $XAU Spot Gold Plunges Over $200! Breaks Below $5,160 📉

The precious metals market is experiencing a turbulent trading session. Significant selling pressure has emerged, sending Gold prices plunging at an unprecedented pace.

🔹 Spot Gold prices recorded a dramatic drop of over $200/ounce this morning alone. This rapid decline suggests potential panic selling or extreme profit-taking by major funds following recent strong gains.

🔸 The freefall has pushed Gold through critical support levels, breaking below the $5,160/ounce mark. Losing key price milestones so quickly puts the market on high alert for a potentially deeper correction.

With Gold prices evaporating by over $200 in just a few hours, is this a golden opportunity to "buy the dip," or a warning sign that the precious metal market is facing a significant downturn?

---

*News provided is for reference only and not investment advice. Please conduct your own due diligence before making any decisions.*