Gold briefly traded below $4,000 even as the US 10-year yield fell ~17bps to 4.96% on a tech-led equity selloff—a breakdown in the usual rate relationship that points to liquidity and positioning pressures, and possibly forced liquidation. The break below 4,066.21 support puts the 3,942–3,924 zone in immediate focus, with a deeper risk toward 3,750 if selling accelerates.

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