Gold Suffers Biggest Crash Since 2013 as Prices Plunged to $4,000 Before Modest Rebound

Gold’s price took a steep tumble between Oct. 21 and Oct. 22, falling about 8% from recent record highs above $4,400 per ounce and erasing roughly $2.43 trillion in market value — its sharpest two-day drop since 2013. Gold’s Rally Snaps With 8% Drop in 48 Hours Spot gold fell 6.3% on Oct. 21 alone,