Breaking: Gold breaches below $4,600

FXStreet Team FXStreet

Gold prices remain under heavy pressure on Thursday, breaking below the key $4,600 mark per troy ounce to hit fresh multi-week lows, down for the seventh consecutive day. The steep pullback in the precious metals comes amid marginal gains in the US Dollar and a sharp bounce in US Treasury yields, particularly in the short end of the curve. Meanwhile, unabated geopolitical tensions fail to sustain the metal's strong retracement so far.

(This story was corrected on March 19 at 13:33 to say that Gold fell to multi-week lows instead of multi-month lows.)

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