Gold Trades Below $4,000 as Dollar Strength Caps Gains

Gold Extends Losses Below $4,000 as Dollar Holds Firm

Gold (XAU/USD) continues to face selling pressure for a third session and trades below the key $4,000 level ahead of Wednesday’s European session. The metal sits near Tuesday’s low, its weakest level since November 2025. Meanwhile, a stronger US Dollar adds pressure. It gains support from uncertainty over US-Iran negotiations and expectations of further Federal Reserve rate hikes, which keeps the tone bearish for bullion.