Gold (XAU/USD) traded at $3,976.90 per ounce on Thursday, June 25, 2026, holding below the $4,000 level for the first time since November 2025 after Wednesday's close at $3,991 marked the first sub-$4,000 daily close in seven months. The metal is down roughly 5% year-to-date and about 29% below the $5,595 record set on January 29, with a stronger dollar and rising Federal Reserve rate-hike odds driving the slide. This week's catalyst is the May PCE inflation report, due Thursday. In this article, I am answering the question why gold is falling down today and how low its price may go. The story on my chart this week ... (full story)