Gold prices continued their downward trajectory on Monday, extending the losses seen in international markets over the weekend.
The precious metal faced renewed selling pressure as traders retreated from recent highs, signaling a loss of confidence in the asset's near-term support levels.
This move marks a continuation of the broader sell-off that has characterized the market throughout 2026.
The persistent weakness in gold prices has accelerated a shift in investor behavior, driving demand for financial instruments that generate yield alongside precious metal exposure.
Traditional bullion holdings, which offer no income, are increasingly being viewed as a drag on portfolio performance in a rising rate environment.
Investors are rotating capital into alternatives that provide both commodity exposure and cash flow, further eroding the bid for physical gold.