Gold falls to $3,943 on USD strength
Gold prices have fallen to a fresh low, touching the $3,943-$3,942 region.
The decline is attributed to renewed US-Iran tensions and expectations of a Federal Reserve interest rate hike.
Elevated expectations for a rate hike have lent support to the US Dollar, exerting downward pressure on gold.
The US Dollar has also been boosted by its safe-haven status amid geopolitical risk premiums.