Spot Gold Plunges $100 in Intraday Trading, Now Trading at $4025.22 per Ounce

BlockBeats News, October 22nd: Spot gold plummeted by $100 intraday, now trading at $4025.22 per ounce, down 2.43%. (IG)

Yesterday, spot gold plunged by 6%, marking the largest single-day drop in over 12 years. After hitting a high of $4381 per ounce on Monday, gold price tumbled to $4082 on Tuesday, widely seen as a belated correction. The historic rally of gold this year has accelerated in recent weeks, with a staggering 25% surge in just the past two months.