Gold nears 3-month low as tech selloff, inflation concerns weigh

Gold is trading near $4,015/oz, pressured by a tech-led equity selloff that is prompting investors to liquidate bullion holdings to cover margin calls. The move reflects a liquidity-driven unwind rather than a fundamental shift in inflation expectations, though persistent inflation concerns keep the metal's downside limited. The key uncertainty is whether the equity rout deepens, forcing further gold liquidation, or stabilizes, allowing safe-haven demand to reassert.

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