The precious metal’s flash decline represented one of the most dramatic intraday moves in recent weeks, briefly breaching what technical analysts had identified as a critical support zone. Market data showed unusually heavy selling volume during the price cascade.
Traders attributed the downward pressure to a combination of dollar strength, rising bond yields, and shifting risk sentiment across global markets. The selloff coincided with better-than-expected US economic data that reduced immediate safe-haven demand.
Bullion quickly recovered about half its losses within the hour, with prices stabilizing near $3,400 as bargain hunters entered the market. Analysts cautioned that such volatility could persist as traders reassess inflation expectations and central bank policy trajectories.
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