Gold prices remain under pressure after a steep correction from January's record highs, with rising bond yields and expectations of higher interest rates reducing the appeal of non-yielding assets. The Gold Price (XAU/USD) traded near $4,216 on Thursday, down over 7% so far this month and well below May's high above $4,770. Westpac says the recent weakness reflects a market focus on higher inflation and tighter monetary policy linked to the Middle East conflict. "Gold has corrected sharply from its January highs, erasing most gains through 2026," the bank noted, adding that "higher real yields have proven more ... (full story)