[Spot Gold Falls Below the $4,000 Mark, Hitting a New Low Since November Last Year] Jin10 News, June 24 – Spot gold has fallen below the $4,000 mark for the first time since November last year. Adam Button, an analyst at the U.S. financial website InvestingLive, stated that the peak of this rally coincided with the U.S. initiating a coup in Venezuela. However, the real collapse occurred after the outbreak of the Iran war and Turkey's decision to sell $120 billion in reserves to defend its currency exchange rate. The latest fatal blow came from Federal Reserve Chairman Walsh's unexpectedly hawkish debut, which triggered a broad strengthening of the U.S. dollar. From a technical chart perspective, the trend does not look optimistic, but there is some support near last October's low of $3,885.