According to Fox Business: Wall Street executives say that U.S. Treasury Secretary Yellen is prepared to take aggressive measures to push the 10-year U.S. Treasury yield to around 5%.

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The US Dollar Index (DXY) increased further during the day, with the current gain reaching 0.50%, and the latest quote at 99.62.

In the latest local trading session, the spot gold price fell below the $4,510 per ounce mark, with a daily decline of 2.03% as of now. As a precious metal that combines both safe-haven and anti-inflation properties, short-term significant fluctuations in gold prices are usually closely related to multiple factors such as the trend of the US dollar index, market expectations for Federal Reserve monetary policy, changes in geopolitical situations, and short-term portfolio rebalancing by funds.

New York gold futures prices fell below $4,560 per ounce, with an intraday drop of 2.23%. As a precious metal sensitive to interest rate changes, recent gold price fluctuations have also been jointly influenced by global macroeconomic expectations and the Federal Reserve's monetary policy moves. The subsequent trend remains worthy of continued market attention.