Gold falls to near $4,450 as inflation fears and rate hike prospects weigh on demand

Gold price (XAU/USD) tumbles to around $4,460 during the early Asian trading hours on Monday. The precious metal remains under selling pressure amid a stronger US Dollar (USD), rising bond yields and concerns about inflation linked to energy prices.  Gold price slumps to near $4,460 in Monday’s early Asian session.Fears of inflation and the prospect of higher interest… Gold price (XAU/USD) tumbles to around $4,460 during the early Asian trading hours on Monday. The precious metal remains under selling pressure amid a stronger US Dollar (USD), rising bond yields and concerns about inflation linked to energy prices.  Gold price slumps to near $4,460 in Monday’s early Asian session.Fears of inflation and the prospect of higher interest rates weigh on the Gold price. China has expanded its gold reserves for the 16th consecutive month. Gold price (XAU/USD) tumbles to around $4,460 during the early Asian trading hours on Monday. The precious metal remains under selling pressure amid a stronger US Dollar (USD), rising bond yields and concerns about inflation linked… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.