[Analyst: Gold Price Falls Below $5,000 Triggering Chain Sell-Off] According to Golden Finance, after the gold price fell below the $5,000 per ounce mark, selling pressure intensified, further expanding the decline. Spot gold once dropped to $4,878 per ounce. City (Index and FOREX.com) market analyst Fawad Razaqzada stated: 'Due to previous heightened volatility, many may have set stop-loss orders below $5,000 or above $5,100. As prices moved downward, stop-loss orders below $5,000 were triggered, causing a chain reaction-like sell-off that led to a sharp drop in prices within a short period.'