At the time of publication, spot gold was trading at around US$4,110 per ounce, extending losses for a fifth consecutive session.
The precious metal remained under pressure as traders increased bets that the US Federal Reserve could maintain a restrictive monetary policy stance amid persistent inflation concerns.
A stronger US dollar and higher Treasury yields continued to reduce the appeal of non-yielding assets such as gold, while investors awaited fresh economic data and comments from Federal Reserve officials for further clues on the interest-rate outlook.
Silver also traded lower, reflecting broader weakness across precious metals markets.
Discover more from ADM | Abu Dhabi Magazine
Subscribe to get the latest posts sent to your email.
Related Post
Gold extends losses on Fed tightening outlook, dollar strength
Gold prices extended losses on Thursday, hovering near the more-than-seven-month low hit a day earlier, as the dollar held firm on rising expectations of Federal Reserve interest rate hikes. Spot gold was down 0.4 percent at $3,985.89 per ounce, as of 00:43 GMT, after hitting its lowest level since November 2025 on Wednesday. US gold […]
25 Jun 2026 - 8:23 AM
Gold hits over seven-month low
month low on Wednesday and traded below the key $4,000-per-ounce level, due to pressure from a firmer US dollar and growing expectations of interest rate hikes. Spot gold fell 3.3% to $3,973.79 an ounce as of 2:00 p.m. EDT (1800 GMT), after hitting its lowest level since November 2025. US gold futures settled 3.4% lower […]
24 Jun 2026 - 11:17 PM
Gold falls as dollar holds firm on Fed rate-hike expectations
Gold prices fell more than 1 percent on Tuesday, pressured by a firmer US dollar on expectations of a Federal Reserve interest rate hike this year. Spot gold was down 1.1 percent at $4,142.61 per ounce, as of 0414 GMT. US gold futures for August delivery fell 1 percent to $4,160.20. The dollar held firm […]
23 Jun 2026 - 8:34 AM
Gold rebounds from one-week low
consecutive daily declines on Monday, looking to regain the area above the $4,200 mark per troy ounce. Reports of progress in the latest round of US-Iran talks are helping the precious metal maintain its footing at the start of the week, although the stronger Greenback seems to limit the upside potential for now. By time […]
22 Jun 2026 - 8:38 PM