World gold price early this morning turned to "plunge" with spot gold down 23.5 USD to 1,939.5 USD/ounce. Gold futures in August last traded at $1,958.4 per ounce, down $23.1 from dawn the day before.
Besides, rising US Treasury yields also hurt the safe-haven metals.
According to a recent Metal Focus report, gold demand is expected to drop 9% in 2023 as central banks reduce official purchases of the precious metal after a record year, with prices also facing pressure. decrease in the second half of 2023.