Gold prices declined to around $4,330 an ounce, marking a two-week low after falling nearly 6% over three sessions. A global bond selloff pushed yields to their highest level since 2008, while a stronger dollar acted as a headwind for non-yielding bullion. Tensions in the Middle East escalated following resumed U.S. and Iran strikes, driving oil prices higher.

Fed Chair Kevin Warsh reiterated a commitment to fighting inflation, reinforcing expectations of potential interest rate hikes. These factors combined to pressure gold, which is sensitive to real yields and currency fluctuations.