Gold prices slipped below the $4,000 mark during early Asian trading on Tuesday, reflecting ongoing selling pressure. According to FX Street, XAU/USD hovered near $3,995 as investors weighed geopolitical risks alongside upcoming US economic data.
The decline in gold comes amid heightened tensions between the US and Iran, which have added uncertainty to the markets. Traders are also closely monitoring the imminent US Consumer Price Index (CPI) report, which could influence safe-haven demand.
For Japanese investors, this movement in gold highlights the sensitivity of precious metals to both geopolitical developments and key US economic indicators, factors that continue to impact FX and commodity markets in the region.