Gold Falls Over 4% as Rising Yields and Fed Expectations Weigh on Market

The gold market has taken a hit at the start of the trading week, falling nearly 4.00% over two sessions.

This weakness is largely driven by rising U.S. Treasury yields and expectations of a more aggressive Federal Reserve.

Rising yields have reduced the appeal of gold in the short term, making it less attractive compared to other markets that compete for investor flows.

The upcoming release of U.S. Core PCE inflation data may further reinforce these expectations and put additional pressure on gold prices.