🔴 Gold is trading 1.7% down today on renewed Fed rate hike concerns and strong U.S. data

Gold is trading 1.7% down at $4,207.60 as renewed Fed rate hike concerns and stronger U.S. economic data weigh on the non-yielding metal.

• Last week’s robust U.S. jobs report has boosted expectations for a 2026 rate increase, pushing Treasury yields higher and reducing the appeal of bullion.
• The move extends recent weakness despite support from ongoing geopolitical tensions and a broader risk-off sentiment across global markets.