After a record-setting rally over the past week, commodities traders went all in on a massive gold sell-off on Tuesday. The price of the precious metal fell down to $4,118 an ounce, after a high of $4,381.52 an ounce just one day before. Meanwhile, silver is trading at $48.76 an ounce in midday trading at the time of this writing, down from $54.35 last week.

At the time of this writing, the live gold spot price for an ounce of gold in U.S. dollars (USD) is $4,133.13, a gram of gold is $132.88 and one kilogram of gold is $132,883.22, according to JM Bullion.(Gold spot price can fluctuate by the second.)

For some context, that means gold prices have decreased the most they have in four years, and silver is seeing its biggest drop since early 2021, per Bloomberg.

This is a stunning reversa

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