After hitting a record $5,595 in January, spot gold has fallen 25 percent

Gold bounced from a six-month low near $4,023 per ounce but gains remain capped as markets price in over 70% odds of a Fed rate hike by December 2026.

Gold drops to $4,022 per ounce, its lowest since November 2025, as speculative investors unwind positions amid strong US economic data and rising Treasury