Gold falls below $4,000 as a stronger dollar and hawkish Fed signals pressure the metal, with traders betting rates may stay higher for longer.
CNBC •
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Promote with Leviathan NewsGold is down 13% month-to-date and silver is on pace for its ugliest month since 2011, so the macro pain trade is wider than one metal losing the $4k handle. For crypto, that hits the whole debasement basket: BTC and gold ETF outflows were already moving together in May, and yieldless wrappers like PAXG/XAUT get harder to justify when BUIDL/USDY-style T-bill RWAs still pay the carry. If Fed pricing keeps shifting from cuts to hikes, on-chain gold trades less like a hedge and more like duration with no coupon.
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