Gold slumps to 6-month low even as inflation fears rise. Here's why bullion is out of favor

Gold slumps to 6-month low even as inflation fears rise. Here's why bullion is out of favor

Gold at 6-month low ($4,046) as traders price 67% odds of Fed rate hike on inflation. Institutional investors rotating capital from commodity hedges into Treasury bonds—higher rates tighten startup funding and cool M&A activity in tech.