Gold prices tumbled sharply Monday, dropping more than 5-6% to hover around $4,200-$4,250 per ounce, marking the metal's lowest levels since late November 2025 and extending a nine-session losing streak. The steep decline, one of the most severe in recent years, came amid escalating conflict in the Middle East, persistent inflation pressures, and shifting expectations toward higher global interest rates rather than cuts.
Spot gold traded at approximately $4,248.50 per ounce as of 5:03 a.m. ET, down $241.70 or 5.38% from the previous close, according to Kitco and CNBC data. Other trackers showed values ranging from $4,203.21 (Reuters) to $4,271.49 (Investing.com futures), with intraday lows dipping below $4,100 in early trading before partial recovery. U.S. gold futures for April delivery fell around 5-8% to near $4,205-$4,337, reflecting heavy selling pressure.
