Gold prices remain under heavy pressure on Thursday, breaking below the key $4,600 mark per troy ounce to hit fresh multi-month lows,,down for the seventh consecutive day. The steep pullback in the precious metals comes amid marginal gains in the US Dollar and a sharp bounce in US Treasury yields, particularly in the short end of the curve. Meanwhile, unabated geopolitical tensions fail to sustain the metal’s strong retracement so far.
Source: https://www.fxstreet.com/news/breaking-gold-breaches-below-4-600-202603191234
