gold Falls to 52-Week Low, Settles at $3,889.40

gold settled at $3,889.40, a 52-week low, down $113.60. The metal shed 5.5% over three sessions as rising bond yields, a stronger dollar, and forced selling from tech losses pressured prices. Goldman Sachs trimmed its 2027 gold forecast to $4,650 from $4,800, citing three expected Fed rate hikes next year.