CoinEx News: Spot gold fell below $4,200 per ounce on June 10, down 3.32% on the day. The move came after gold had already broken below its 200-day moving average and the previously defended $4,350-$4,400 support zone, making $4,200 the next key technical level watched by traders. Market commentary framed the selloff as a rates-driven repricing rather than a collapse in haven demand, as Middle East tensions could lift energy inflation, keep global yields elevated, and reinforce higher-for-longer monetary policy expectations. The longer-term backdrop remains mixed: World Gold Council data released on June 3 showed global central banks returned to net gold purchases in April, adding 17 tonnes after net selling in March, while China’s central bank extended its gold-buying streak to 19 consecutive months.