Spot gold briefly dips below $4.5K

Spot gold broke below $4,500 per ounce around 5:50 a.m. UTC on Feb. 2. The precious metal has fallen nearly $1,100 in just three trading days after hitting a high of $5,598.750 on Jan. 29. It is currently trading at $4,558.140, down 6.97% from the previous trading day.