Gold extends decline on commodity markets

Gold prices extended their decline on global commodity markets as a stronger U.S. dollar and investor caution ahead of future central bank decisions weighed on sentiment.

The precious metal fell during trading as a firmer dollar made gold less attractive for holders of other currencies.

Investors also assessed the outlook for interest rates, inflation expectations and broader financial market conditions.

Gold is traditionally viewed as a safe-haven asset, but its prices remain sensitive to moves in the dollar and bond yields.

N.Tebrizli