[MARKET UPDATE] Spot gold continues sliding with prices approaching USD 4,100/oz to the downside, with traders eyeing the 200 DMA at USD 4,090/oz; newsflow light but losses come amid continued hawkish central bank repricing

Spot gold is experiencing notable pressure, nearing the crucial USD 4,100/oz level, which traders are monitoring closely against the 200-day moving average at USD 4,090/oz. This decline is occurring despite light newsflow, driven by persistent hawkish repricing from central banks, suggesting that market participants are repositioning based on anticipated rate increases.