Gold futures traded lower, falling below $4,500 per ounce as higher Treasury yields and shifting global interest rate expectations weighed on precious metals. Federal Reserve policy commentary continues to push yields higher across maturities, creating a short-term headwind for non-yielding assets despite slight U.S. dollar weakness. Meanwhile, Copper futures bucked the broader metals sell-off, holding near all-time closing highs. Dan Deming of KKM Financial breaks down key price action, market drivers, and sector trends.