In recent days, gold prices have faced substantial selling pressure, signaling a pronounced downturn in the precious metal market amidst heightened investor risk appetite. The decrease in value comes amidst a resurgence in economic optimism, driven by progress in vaccination campaigns and easing lockdown restrictions worldwide. Additionally, rising Treasury yields and expectations of higher interest rates have diminished the attractiveness of gold as a safe-haven asset, prompting investors to reallocate their portfolios towards riskier assets. Moreover, the strengthening US dollar and diminishing concerns over inflationary pressures have further contributed to the downward pressure on gold prices, as investors reassess their exposure to safe-haven assets in a more optimistic market environment. As market participants navigate evolving market conditions, monitoring key economic indicators and central bank policies remains crucial for assessing the trajectory of gold prices in the near term.