India, July 24 -- Gold prices remained under pressure on Friday, with spot gold trading below the $4,050 per ounce mark as a stronger U.S. dollar and expectations that the Federal Reserve could keep interest rates elevated reduced demand for the precious metal. Investors are closely monitoring the upcoming Fed policy decision for fresh clues on the interest rate outlook, while higher Treasury yields have also weighed on bullion.

Despite the recent decline, analysts say geopolitical uncertainty and central bank buying continue to provide longer-term support for gold prices, although near-term sentiment remains cautious.

US Gold Rate Today: Why is Gold Falling Today?

Gold slipped below the $4,050 level after the U.S. dollar strengthened ...