Gold experienced a fourth consecutive session of decline, falling 0.1% to reach US$4,121.27 per ounce. Traditionally viewed as a hedge against inflation, the metal is currently losing its appeal amidst a high interest rate environment. This is primarily because gold does not generate interest income, making it less attractive to investors when yields on other assets are higher. The recent performance suggests a shift in investor sentiment as they prioritize interest-bearing investments. Analysts suggest the trend could continue as long as interest rates remain elevated. This downward pressure on gold prices is a notable development in the commodities market. The situation is being closely monitored by investors globally.