Breaking: Gold breaches below $4,600

Gold prices remain under heavy pressure on Thursday, breaking below the key $4,600 mark per troy ounce to hit fresh multi-month lows,,down for the seventh consecutive day. The steep pullback in the precious metals comes amid marginal gains in the US Dollar and a sharp bounce in US Treasury yields, particularly in the short end of the curve. Meanwhile, unabated geopolitical tensions fail to sustain the metal's strong retracement so far.