Gold Prices Plunge 15% in 10 Days, Biggest Fall in 40 Years

• Gold prices experienced their steepest weekly fall in nearly 40 years, dropping over 15% in just ten days.
• The precious metal fell from around $5,200 per ounce on March 13 to nearly $4,354 per ounce by March 23.
• This dramatic decline follows gold touching a record high of $5,595.51 earlier in the month.
• Stronger US dollar, rising real yields, and recalibration of investor positions are cited as key macroeconomic drivers.
• Analysts view the correction as a potential buying opportunity for long-term investors despite near-term volatility.