Gold Suffers Sharpest Fall Since 2013, Drops Nearly 9 Percent in Days

Gold prices have plunged to their lowest level in years, marking the steepest decline since 2013.

The precious metal, which recently hit record highs, fell nearly 9 percent in the past few days as global investors moved to secure profits amid a stronger U.S. dollar.

In a sharp trading session on Tuesday, gold tumbled about 6 percent, its largest single-day drop in over a decade, bringing prices roughly 8 to 9 percent below Monday’s peak of around $4,380 per ounce.

Analysts attribute the sudden downturn to profit-taking by investors and the strengthening of the dollar, which reduced demand for bullion.

Silver prices also slipped between 7 and 8 percent in the same period, reflecting broader weakness in the commodities market.

Despite the pullback, gold remains about 50 percent higher year-on-year, buoyed by sustained central bank demand.

Market observers have cautioned investors to approach the current volatility with restraint.

“Momentum is real, but so is whiplash,” one analyst noted, urging traders to diversify their portfolios and size their positions carefully instead of chasing market peaks.