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 ​lost 0.2% to $4,001.60. Bullion fell below the key $4,000-per-ounce level for ​the first time since November 2025 on Wednesday, pressured by ⁠a stronger dollar and expectations of Fed rate hikes. Traders expect ​three Fed rate hikes this year and are pricing in ... (full story)