Gold Prices Tumble as US Dollar Strengthens; Japan Inflation Cools

Spot gold prices witnessed a sharp decline, falling 2% to $4,335.97 per ounce as US Treasury yields and the dollar gained strength. This sell-off has pushed the precious metal into bear-market territory, reducing the appeal of non-yielding assets. Meanwhile, economic data from Japan showed a cooling of inflation, which provided a boost to local equity markets. In contrast, India's economic growth momentum is showing signs of fatigue amidst mounting external pressures. These developments highlight a shifting global macro landscape driven by monetary policy expectations and currency fluctuations. Investors remain cautious as they monitor the interplay between rising yields and commodity valuations in the current environment.

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