Gold prices fell sharply on [Date of Event] after US military strikes on Iranian targets, while Brent crude oil and US Treasury yields moved higher. Gold dropped by [Percentage]% to near [Price] per ounce, contrasting with Brent crude’s rise above [Price] per barrel and the 10-year US Treasury yield climbing to [Percentage]%. The move shows investors favoring the dollar, higher-yielding government debt and risk-on assets over bullion. Higher yields raise the opportunity cost of holding gold, which generates no income, while stronger oil prices heighten inflation concerns. The shift could attract foreign capital to US assets but may weigh on rate-sensitive areas such as housing. As of [Date of Event], the US Dollar Index was up [Percentage]%, adding pressure to gold. The market remains sensitive to further geopolitical escalation, monetary-policy signals and the possibility that safe-haven flows could reverse.