23 October 2025, 01:00
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The price of gold plunged more than 5% on Tuesday due to profit liquidation after the recent record highs recorded by the precious metal, which is considered a safe haven investment.
Gold was down 5.2% on Tuesday afternoon at $4,130.40 an ounce, its biggest drop since the start of the COVID-19 pandemic, and was down 5.6%, or $246, at $4,111 an ounce by around 8 p.m.
On Monday, the price of gold had hit a new all-time high of $4,381.52 an ounce.
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