Gold is trading 1.4% down at $3,989.90 following its largest monthly decline since 2008, as rising U.S. interest-rate expectations and a stronger dollar weigh on the metal.
- The recent sell-off marks the steepest monthly slide for the precious metal in over a decade.
- Federal Reserve rate hikes and shifting policy expectations have pressured investors to rotate out of gold and into the strengthening U.S. dollar.