Gold falls 0.71% to $3,996.10/oz, down 4.07% for the week

The more telling signal here is the weekly drawdown rather than the single-session slip; a break below the $4,000 round number after a V-shaped intraday reversal suggests momentum traders, not just macro hedgers, are driving price action. The move matters most for gold-linked RWA products and tokenized metal holders, whose valuations track spot closely and where round-number breaks can trigger outsized sentiment shifts. Whether the $4,000 level re-establishes as support or becomes a ceiling is the open question, and it will color how digital-gold issuers frame flows in the sessions ahead.