Gold prices declined as 10-year U.S. Treasury yields climbed above 4.9%. The upward move in WTI crude oil toward $100 per barrel strengthened the U.S. Dollar and intensified inflationary pressures, weighing heavily on the precious metal. Market participants are now shifting their focus to Friday's CPI data to gauge the future direction of monetary policy. Support levels are being closely monitored as gold prices reverse their recent trend amid the surge in yields.
