India, July 23 -- Gold prices in the United States declined on Thursday, with spot gold slipping below the $4,050 per ounce mark as stronger crude oil prices and investor caution over the US Federal Reserve's interest rate outlook weighed on bullion demand. A firmer US dollar and rising Treasury yields also pressured the precious metal, while market participants awaited fresh economic data and signals from Fed policymakers regarding the timing of potential rate cuts.

According to international market data, gold prices remained volatile throughout the trading session as investors balanced geopolitical concerns with expectations that higher-for-longer interest rates could limit gains in non-yielding assets such as gold. Analysts noted that...