Gold futures reversed from an early session peak of $4,156.20 per ounce to touch an intraday low of $4,020.80, pressured by a hotter-than-expected Consumer Price Index report and rising Treasury yields. Headline CPI rose 0.4% month over month against expectations of 0.3%, while core CPI increased 0.3% for the third consecutive month compared to a 0.2% forecast. Higher yields weighed on non-yielding bullion as market pricing leaned into firmer policy expectations ahead of the December Federal Reserve meeting. Additionally, safe-haven demand diminished following diplomatic developments with Iran and indications of reduced risk regarding further military strikes. A parallel decline in crude oil, which has moved lower in six of the past seven sessions, added further downward pressure on gold across global trading sessions.