Gold markets have extended their recent downward pressure, with spot prices now trading below the $4,400 mark. The precious metal is down more than 3% from recent highs, currently hovering around $4,385.29 per ounce. This pullback reflects shifting market sentiment and changing macroeconomic conditions. The decline in gold prices typically signals adjustments in investor risk appetite and currency dynamics. For those managing multi-asset portfolios, the movement in traditional safe-haven assets like gold often mirrors broader market sentiment affecting digital assets as well. The correlation between commodities and crypto holdings has become increasingly relevant as institutional investors balance their exposure across different asset classes.