Gold Sinks To 7-Week Low As Treasury Yields, Fed Hike Bets Rise — Hansen Warns Bullion’s ‘Resilience’ Faces Its ‘Toughest Test Yet’

Gold prices tumbled to a seven-week low on Monday as surging U.S. Treasury yields, a stronger dollar and rising expectations for another Federal Reserve rate hike outweighed safe-haven demand from the ongoing Iran conflict.At the time of writing, spot gold was down 3% to around $4,156 per ounce, it…