Gold Slips Below $4000 Support Amid Questions Over Selloff Extent

Gold prices slipped below the key $4000 mark to $3992.30 an ounce, posting a weekly drop of more than 4% — the sharpest since June. Even as 10-year U.S. Treasury yields fell below 5%, persistent inflation has driven the Fed into tightening mode, lifting real yields and the opportunity cost of holding the metal.