Gold Prices Slide Below Key Levels Amid Rising Rate Hike Odds

Gold prices fell sharply Tuesday morning to $4,325.50 an ounce, piercing key support levels. Strategist Phil Streible of Blue Line Futures had warned the day before that a close below $4,350 would alter his view, while $4,378 marks the line in the sand linked to Treasury Secretary Scott Bessent’s recent moves.