Gold slips to seven-month low as dollar strengthens

Gold prices extended their decline on Monday, with spot gold falling below $4,000 an ounce for the first time since November 2025. As of 16:10 Moscow time, spot gold was down 3.04% at $3,992.10 per ounce, while gold futures lost 3.07% to $4,021.90 per ounce. In the same session, the dollar climbed to its highest level against major currencies in 13 months, sustaining its recent gains. Traders cited a sell-off in technology stocks and expectations that the U.S. Federal Reserve could raise interest rates as factors driving the move. Investors responded by rotating out of gold, traditionally viewed as a safe-haven asset, and into the dollar. The drop below the $4,000 mark represents the steepest pullback since the rally that began in November.