Gold falls below $4,000 an ounce as the dollar rises and the Federal Reserve awaits its decision.
Gold falls below $4,000 an ounce as the dollar rises and the Federal Reserve awaits its decision.
2026-06-25
Shafaq News – Follow-up
Gold prices fell on Thursday, remaining near their lowest levels in more than seven months, as the US dollar remained strong and market expectations grew regarding an interest rate hike by the Federal Reserve.
The price of gold in spot transactions fell by 0.4% to $3,985.89 an ounce, after hitting its lowest level since November 2025 in the previous session. US gold futures for August delivery also declined by 0.2% to $4,001.60 an ounce.
The precious metal is under increasing pressure as traders anticipate three US interest rate hikes this year, while the dollar has risen to its highest level in 13 months, increasing the cost of buying gold for holders of other currencies.
Investors are awaiting the release of US personal consumption expenditure data, the Federal Reserve’s preferred indicator for measuring inflation, looking for new clues about the direction of monetary policy in the coming period.
In other precious metals, silver fell 0.2% to $57.33 an ounce, platinum dropped 0.2% to $1,575.85, while palladium rose 0.3% to $1,170.25 an ounce.
shafaq.com
