Gold plunges 26% to $4,170 as oil and rate pressures mount

Gold prices fell sharply by 26% to $4,170 on Monday, driven by strengthening oil prices and rising interest rate pressures. The magnitude of the drop suggests a significant shift in investor sentiment away from safe-haven assets, possibly due to expectations of tighter monetary policy or improved risk appetite. The sustainability of this decline is uncertain, as it may reflect a short-term correction or a broader trend reversal.