Gold price falls 2% amid claims of a fusion technology breakthrough

Huoxing Finance reports that on October 22, according to market data, spot gold fell by 2% intraday, currently trading at $4,057.67 per ounce. On the news front, U.S. private nuclear fusion startup Marathon Fusion announced this morning in a post that it has successfully achieved high-efficiency alchemy: converting mercury into genuine, stable gold. According to its video presentation, Marathon Fusion employs beam-driven fusion technology to transform mercury-198 into mercury-197, which decays into stable gold-197 after approximately 64 hours; the process also breeds tritium and generates electricity. Laboratory simulations indicate that each GWth per year could produce over 2 tons of gold, potentially doubling the economic value of power plants. Market analysts note that this technology remains at the stage of small-scale laboratory demonstration, with output far below commercial levels, thus having virtually no material impact on gold in the short term. However, if this technology matures and achieves commercial deployment in the future, it theoretically holds the potential to disrupt the fundamental dynamics of gold.