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Gold hits over seven-month low as US dollar firms, rate hike bets rise
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% to $4,039.30. The U.S. dollar firmed, making dollar-priced bullion more expensive for holders of other currencies. [USD/] 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 ... (full story)
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From zerohedge.com | 31 hr ago
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 ...
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 ...
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% at $3,985.89 per ounce, as of 0043 GMT, after hitting its lowest level since November 2025 on Wednesday. US gold futures for August delivery ...
