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Hawkish Warsh Hammers Barbarous Relic: Gold Crashes Back Below $4000 As Rate-Hike Odds Rise
Gold plunged back below $4,000 an ounce for the first time since November 2025 this morning, as a resurgent dollar and the prospect of higher interest rates bring bullion’s three-year bull market to a halt (now down 30% from its January highs). The precious metal has posted double-digit gains for each of the last three years, more than doubling in price as central banks, money managers and retail investors all piled into the trade. That rally ran out of steam in late January, shortly after the precious metal hit an all-time-high near $5,600 an ounce. Chief among the factors that weighed on bullion’s performance ... (full story)
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From msn.com | 23 hr ago
Gold prices fell to a more than seven-month low on Wednesday, after briefly slipping below the key $4,000-per-ounce level, under pressure from a firmer U.S. dollar and growing expectations of interest rate hikes. Spot gold fell 2.1% to $4,021.99 an ounce as of 1405 GMT, after hitting its lowest level since November 2025. U.S. gold futures declined by 2.6% ...
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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 ...
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- Jun 24, 9:25am | 29 hr ago Posted byFundamental Analysis113
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