Spot gold experienced a notable fall on Tuesday, declining by as much as 6.3% to reach $4,082.03 an ounce. This represented the metal's largest single-day percentage drop since mid-April 2013. At the same time, spot silver registered a steep fall, dropping 8.7% to $47.89 an ounce—its largest decline since February 2021, Bloomberg News reported on Tuesday. The pronounced price movements occurred amid a broad market selloff affecting precious metals, with both commodities marking multi-year lows on the day. Advertisement

According to pricing data observed on Tuesday, gold's drop to $4,082.03 an ounce marks a significant shift, as such a steep one-day loss has not been seen in more than a decade. Market records confirm this fall is the biggest for gold since 2013, highlighting the abrupt na

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