Gold falls under $4,000 amid stock decline

Gold prices have fallen to their lowest level in over three months, dropping below $4,000 per ounce amid a strong sell-off driven by market liquidity. Concerns over the sustainability of investment in artificial intelligence have led to a reduction in bets on interest rate hikes. The yellow metal declined by as much as 0.9%, falling below $3,990, with forecasts suggesting it may test a critical level at $3,900, amid increasing pressures from rising fears of inflation linked to oil prices. The surge in selling has caused gold to lose more than a fifth of its value since early February, as investors continue to shift toward U.S. Treasuries in search of safety.