Spot Gold Drops Below $4,090 as Silver Falls to $52.35

Spot gold fell below $4,090 an ounce on Nov. 10 after losing more than $20 in a short move, while silver also declined, putting both precious metals lower for the day. Gold was down 1.23% on the day as it crossed the $4,090 level. The drop of more than $20 describes the short-term move; the percentage reflects its decline for the day to that point. Spot silver fell $0.50 in a short move and traded at $52.35 an ounce. Its daily decline reached 2%, a larger percentage loss than gold's at the same point in trading. The figures capture a simultaneous pullback in spot gold and silver on Nov. 10. Gold moved through the $4,090 threshold as silver's price reached $52.35 per ounce.

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