Gold's losing streak hit its third consecutive session as market sentiment shifts dramatically. The precious metal is taking a beating while traders recalibrate their expectations around Federal Reserve monetary policy.

What's driving this? Simple. The odds of aggressive rate cuts are evaporating. Recent economic data—think stronger-than-expected employment figures and persistent inflation signals—have Wall Street rethinking that dovish Fed narrative everyone was banking on just weeks ago.

When rate-cut hopes fade, gold loses one of its key tailwinds. Higher rates mean better yields on bonds and cash alternatives, which makes non-yielding assets like gold less attractive. It's Economics 101, but the timing matters. This pullback comes as institutional money managers rotate portfolios ahead of critical Fed meetings.

For those tracking macro trends across traditional and digital assets, this gold movement is worth watching. Historically, when gold weakens on monetary policy shifts, risk appetite across markets—including crypto—can get volatile. The correlation isn't perfect, but seasoned traders know these cross-asset signals matter.

Bottom line: Gold's three-day slide reflects a broader recalibration in rate expectations. Whether this becomes a sustained trend or just a temporary correction depends entirely on what the Fed signals next.