Gold futures drop for second day despite record ETF inflows.

Gold futures edge lower for a second consecutive session, finishing the day with a slight decline as Treasury yields reverse their early slide. The precious metal found initial support from a softening dollar and a dip in the 10-Year Treasury yield, though intraday strength in WTI Crude Oil futures helped spark a midday reversal. Over the last 30 days, gold has maintained a strong positive correlation with the Russell 2000, underscoring how deeply both assets are reacting to the broader interest rate environment. Despite near-term yield pressure, institutional appetite remains robust, with the World Gold Council reporting a record $31 billion in third-quarter ETF inflows.