Spot gold retreated on Tuesday, pressured by a strengthening U.S. dollar and growing market expectations that the Federal Reserve may raise interest rates later this year.
The precious metal fell 0.7% to trade at $4,162.60 per ounce in early session trading.
The decline reflects a broader retreat in non-yielding assets as investors recalibrate their positioning around U.S. monetary policy.
Shifting expectations for the Fed’s rate path have dampened investor appetite for commodities that do not offer yield, particularly as the dollar gains ground against major peers.
This move follows a recent pattern of volatility in precious metals and digital assets.
Earlier in the week, spot gold, silver, and bitcoin all posted losses as traders adjusted to the evolving macroeconomic backdrop.