Singapore, 24 June 2026 – Gold prices fell to their lowest level in nearly two weeks as a stronger US dollar and rising expectations of further Federal Reserve rate hikes reduced demand for the non-yielding precious metal.
Spot gold declined 1% to US$4,067.51 per ounce, while US gold futures dropped 1.6% to US$4,083.90. The retreat came as currency markets continued to favour the greenback, with investors increasing bets that the Federal Reserve may raise interest rates again this year if inflation remains persistent.
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