Gold price falls $73.15 to $4,118.77
The price of gold is down $73.15, or 1.75%, at $4,118.77.
The low today reached $4,090.93, stalling just ahead of the 38.2% retracement of the rally from the September 2022 low, which comes in at $4,079.35.
Today’s decline also pushed the price back into an important swing area between $4,006.99 and $4,098.74, where buyers stepped in earlier this month and sparked a rebound.