現貨黃金向下觸及4310美元/盎司，日內跌0.87%，現貨白銀跌1.9%，報63.22美元/盎司。

Elmar Voelker, senior fixed-income analyst at Landesbank Baden-Württemberg, said a spiral rise in bond yields is becoming increasingly tied to ECB monetary-policy considerations. He said the resulting tightening in financing conditions has effectively produced a monetary-tightening effect, which argues against a hasty further increase in key rates. However, he added that staff forecasts updated after last week’s September meeting suggest the ECB Governing Council is inclined to tighten further under current conditions.

UBS precious metals strategist Joni Teves said gold investors may already be looking beyond the Fed's next action. She expects markets have largely priced in rate-hike expectations and will shift focus to other drivers: gold's role as a diversification tool, continued official purchases, a seasonal demand uptick in India and supportive Chinese investment activity. Teves sees likely near-term volatility but increasing odds of further gains into year-end; a Fed hike in September could prompt a reflexive pullback in gold but would not derail the overall recovery.