Gold prices have fallen below the psychologically significant $4,000 per ounce level, marking the lowest point for the precious metal in seven months.
The breakdown signals a shift in market sentiment as traders adjust positions amid evolving trade policy dynamics and recalibrated expectations for US monetary policy.
Weakness was evident across major trading hubs, mirroring declines seen in regional markets including Pakistan, where local jewellers reported sharp drops in spot prices.
The decline reflects a broader retreat from safe-haven assets as investors weigh recession fears against persistent inflation concerns.
The sell-off extended through Tuesday’s session, with international bullion markets tracking the downward trajectory.
Weakness was evident across major trading hubs, mirroring declines seen in regional markets including Pakistan, where local jewellers reported sharp drops in spot prices.
The move underscores growing pressure on gold as a store of value, with central bank buying failing to offset the broader risk-off rotation.