Gold prices fell to a five-month low on Tuesday due to the Jackson Hole Symposium providing interest rate guidance.

A stronger dollar and rising bond yields weakened gold’s appeal, making it more expensive for other currency holders.

The dollar increased 0.2%, making gold more expensive for other currency holders.

The Fed’s upbeat outlook may reinforce the need for further tightening.

Gold prices are below the 50, 100, and 200-day moving averages, and ETFs backed by safe-haven gold have lost appeal as bond yields rise.