Gold prices slipped below the $4,300 mark, reaching near $4,295 during the early Asian session on Tuesday. This decline is attributed to rising US bond yields and increased energy prices, which have heightened expectations of an upcoming Federal Reserve rate hike, FX Street reported.
Meanwhile, major currency pairs also experienced losses on Monday. EUR/USD closed around 1.1550, down 0.42%, falling beneath both its 50-day and 200-day exponential moving averages (EMAs) for the first time since late July. GBP/USD ended just below 1.3500, down 0.19%, after hitting its lowest level since August 14 during the London morning session, according to FX Street.
For Japanese investors, these movements highlight the ongoing sensitivity of precious metals and major FX pairs to US monetary policy, underscoring the importance of monitoring Fed signals amid global market volatility.