[MARKET UPDATE] Spot XAU has extended to slip lower, now returning below USD 5100/oz as global yields and the dollar continues to strengthen

The decline in spot XAU (gold) under USD 5100/oz is largely driven by rising global yields and a strengthening dollar. This environment typically pressures gold prices as higher yields increase the opportunity cost of holding non-yielding assets like gold, while a stronger dollar makes gold more expensive for foreign buyers, potentially dampening demand.