Gold Dips to $4,128.69 as Dollar Strength Limits Losses

Gold prices declined on Tuesday as a stronger US dollar and rising Treasury yields put downward pressure on the precious metal. The drop was limited, however, due to easing expectations of a Federal Reserve interest rate hike this month. Spot gold fell 0.3% to $4,128.69 per ounce at 0155 GMT, while US gold futures edged higher to $4,156.

The decline in gold prices came ahead of key US jobs data, which could influence market sentiment further. Despite the dip, the losses were contained, suggesting cautious trading ahead of potential economic indicators. The metal is now heading for a second consecutive weekly loss, reflecting broader market uncertainty.