(Bloomberg) -- Gold futures tumbled as investors cashed in gains amid a sell-off across financial markets.

Bullion futures for April slumped as much as 3.5% to $1,585.40 an ounce at 9:48 a.m. on the Comex in New York.

Market-wide circuit breakers that already tripped once this week were triggered again as selling in the S&P 500 dragged stocks into an intraday bear market.

To contact the reporter on this story: Luzi Ann Javier in New York at ljavier@bloomberg.net

To contact the editor responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net

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