Gold dropped 1.40% on Saturday, bringing the spot price to $4,022.2 as selling pressure continued to weigh on the precious metal. The decline marked another difficult session for the commodity, which has struggled to find support in recent weeks.
Over the past seven days, gold has shed 3.68%, reflecting a broader pullback that has gathered pace through October. The 30-day loss now stands at 6.82%, underscoring a sustained move away from higher price levels reached earlier in the period.
Trading in gold has reflected shifting conditions across commodity markets, with the metal giving back ground across all three tracked timeframes. The current price of $4,022.2 represents the latest step in a downward trend that has persisted throughout the month.
Market capitalization data for gold was not available as of this report. The commodity will continue to be watched closely given the magnitude of its recent drawdown.
