Gold steadies near three-month low amid stock market rout

Gold: Gold is a precious metal and widely traded safe-haven asset whose demand is influenced by interest rates, bond yields, the U.S. dollar, inflation expectations, and risk sentiment. In the reported event, gold remained near a multi-month low as investors sold bullion during a broader equity-market rout linked to concerns about heavily funded artificial-intelligence investment and market volatility. AI volatility: Investor concerns about the sustainability of AI-related spending have contributed to volatility in technology shares and encouraged flows toward Treasury bonds and other defensive assets. Interest rates: Hotter inflation and expectations for higher interest rates have remained a headwind for gold because the metal does not pay interest. Market dynamics: Recent market coverage indicates that gold’s response to technology-stock selloffs has been mixed: lower Treasury yields can support bullion, while liquidation and shifting interest-rate expectations can pressure it.