Gold falls by over 7% to about $4500

Published February 2nd, 2026 - 06:03 GMT
Gold prices
Gold prices fall. (Shutterstock)

ALBAWABA - Gold yet reports another sharp fall in spot trading, Reuters revealed on Monday. 

According to the report, gold dropped by more than 7 percent reaching around $4,500 an ounce.

In addition, Silver also reported a loss in spot trading, dropping 12 percent to $74.18 an ounce.