Gold prices are on track to record a fourth consecutive weekly decline, driven by a strengthening US dollar and renewed investor caution regarding the durability of the US-Iran peace agreement.
The precious metal has faced sustained selling pressure as markets digest hawkish Federal Reserve expectations, which have bolstered the greenback and weighed on non-yielding assets.
The breach of the $4,000 level signals a shift in market sentiment, with investors increasingly prioritizing yield and currency strength over safe-haven demand.
Bullion slipped below the critical $4,000 per ounce threshold for the first time since November 2025 on Wednesday, June 24.
For the week, gold is set to fall approximately 4%, extending a downward trend that has seen the metal retreat from recent highs.
The breach of the $4,000 level signals a shift in market sentiment, with investors increasingly prioritizing yield and currency strength over safe-haven demand.
The decline comes amid broader macroeconomic uncertainty, where shifting expectations in the US Treasury market have reinforced the dollar's appeal.