Gold prices fall on Fed rate hike prospects; Brent crude tops $100

Gold prices are declining as expectations for Fed rate hikes increase, while Brent crude oil prices have surpassed $100 due to the prolonged conflict with Iran. These soaring oil prices, combined with rising borrowing costs and technology industry concerns, triggered a U.S. market sell-off that subsequently lowered Asian stocks. Additionally, there is a 3.9% YES probability that gold prices will reach $10,000 by December, despite the current downward trend in the market.