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fxJul 28, 2026, 2:46 PM

Gold Falls 1.4% to $4,020 Despite Market Panic

XAU/USD drops from $4,075 to near $4,020 in New York morning, failing to benefit from risk aversion.

XAUUSD

Gold is trading around $4,020 during the New York morning, down roughly 1.4% from the session's open near $4,075. The metal failed to build any upward momentum despite broader market panic, underperforming its traditional safe-haven role.

The price action suggests selling pressure dominated from the start, with no recovery attempt recorded.

Source: FXStreet Forex News