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Spot gold falls 2.84% to $3,874.59, down 6.4% over three sessions

Spot gold fell 2.84% to $3,874.59 an ounce in late New York trading on Thursday, breaking below the Oct. 28 intraday low of $3,886.62 and nearing the Oct. 2 bottom of $3,819.56, with a three-session cumulative decline of 6.4%. Spot silver dropped 3.26% to $49.9987 an ounce, COMEX copper fell 1.64% to $6.1870 a pound, and the NYSE Arca Gold Miners Index closed down 4.11% at 2,358.77.

Original source

AI take

The breadth of the move is the signal: gold's break below a prior intraday low is being echoed in silver, copper and a sharp drop in the miners index, which points to a broad de-risking across metals rather than a single-instrument wobble. That matters for anyone holding precious-metals exposure, including tokenized gold products whose pricing tracks spot. With the October 2 bottom now in view, whether that level holds or gives way is the open question, and the miners' larger percentage fall suggests equity holders are pricing more than the metal move alone.

Generated by AI for reference only.

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