Coinworld News: According to Gate data, gold's rebound proved fleeting with an inverted V-shaped intraday movement, falling more than 5% from the daily high and breaking below the critical support level of $4,500. The week saw a plunge exceeding 10%, reaching a seven-week low and marking the largest single-week decline since March 1983. As of Friday's (March 20) New York close, spot gold fell 3.42% to $4,491.67 per ounce, with a cumulative weekly decline exceeding 10%; COMEX gold futures fell 2.47% to $4,492 per ounce, with a cumulative weekly decline exceeding 11%. Spot silver fell 6.8% to $67.897 per ounce, with a cumulative weekly decline exceeding 15%; COMEX silver futures fell 4.78% to $67.810 per ounce, with a cumulative weekly decline exceeding 16%.