Gold prices fell sharply, with the GLD ETF dropping over 1.5%, as the U.S. dollar strengthened to its highest level since late July. The move was largely attributed to persistent investor concerns that the Federal Reserve will maintain its aggressive stance on interest rates to combat inflation. Adding to the pressure, stronger-than-expected U.S. economic data, including a robust flash Composite PMI, signaled economic resilience, which diminished the appeal of gold as a safe-haven asset.