Gold price on Sunday was down in red even as investors eye stable week for the precious metal trading. The precious metal was trading at USD 4,162.30, down by 40.00 points and 0.95 per cent. Gold has been on a four-year roller-coaster. It surged to a record $5,595 in January before energy-driven inflation from the Iran war dragged it back to around $4,161.
However, Gold rate still remains above $4,000 an ounce despite the high Treasury yields. Typically, gold - a non-yielding asset - moved largely in the opposite direction to real yields, and from 2000 to Russia's 2022 invasion of Ukraine, interest rates and US dollar movements explained most of bullion's price.
