Gold falls below $4,250 an ounce for first time since August

Gold futures fell below $4,250 per troy ounce for the first time since August 5, according to TASS. As of 1:12 a.m. GMT on Monday, gold was down 1.74% at $4,246.20 per troy ounce.

The decline marks a notable pullback for the precious metal, which has traded at elevated levels for much of the year as investors sought safe-haven assets amid economic and geopolitical uncertainty.

Gold prices are typically sensitive to shifts in the U.S. dollar, bond yields and expectations for central bank interest rate policy, with a stronger dollar or higher yields generally weighing on the metal's price as it offers no yield of its own.

The move below the $4,250 level will be watched by traders as a potential signal of shifting sentiment toward safe-haven assets, though a single session's trading does not necessarily indicate a longer-term trend.

Further trading through the rest of Monday's session will show whether gold stabilizes near current levels or extends its decline.