Gold Price Tumbles Amid Rising Treasury Yields and Fed Expectations

The price of gold has been falling significantly over the past two trading sessions, dropping nearly 4% and sparking concerns about a bearish bias in the market.

This decline is largely driven by rising U.S. Treasury yields, which have reduced the appeal of gold in the short term.

In addition, investors are closely watching the upcoming release of the U.S. Core PCE inflation data, which could further reinforce expectations of a more aggressive Federal Reserve and lead to additional rate hikes.

As long as these conditions persist, selling pressure around gold may continue to play a significant role in the market.