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Gold falls below US$4,000/oz on strong U.S. dollar, hawkish Fed signals
Spot gold prices slipped below a key psychological level of US$4,000 per ounce level for the first time since November 2025 on Wednesday, under pressure from a firmer U.S. dollar and growing expectations that interest rates will remain elevated. The U.S. dollar firmed, making dollar-priced bullion more expensive for holders of other currencies. Traders have ramped up bets on U.S. interest rate hikes this year after the U.S. central bank struck a hawkish tone at its latest policy meeting and as fears of inflationary pressures stemming from the Iran war persisted. “The market pricing a rate hike as soon as September ... (full story)
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- Jun 24, 8:40am | 2 hr 17 min ago Posted byFundamental Analysis42,792
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