Gold tumbles below $4,000 over worries of Fed rate hikes

Gold prices have experienced a significant decline, falling below the $4,000 mark and reaching their lowest levels since November. This downward trend is primarily driven by growing market concerns regarding potential interest rate hikes from the Fed. Investors are reacting to the prospect of tighter monetary policy, which has put downward pressure on the precious metal's value as the market adjusts to the expected shift in Federal Reserve policy and economic outlook.