On Tuesday, amid a broader equity sell-off and rising US rate‑hike expectations,
gold weakened after an initial rebound as investors shifted attention to key US
inflation data due later this week. Both spot and futures gold slipped below
$4,300 intraday, with spot gold down just over 1% on the day. RJO Futures senior
market strategist Bob Haberkor said traders were nervous and a broad move into
risk‑off had driven the decline, adding that gold and silver are likely to
remain under downward pressure until the Fed provides clearer guidance.
