Singapore, 24 June 2026 – Gold steadied near the US$4,000 level after slipping to its weakest point in more than seven months, as a stronger US dollar and rising expectations of further Federal Reserve rate hikes continued to pressure the precious metal.
Spot gold fell below US$4,000 per ounce during the session, while US gold futures also declined as traders reassessed the outlook for interest rates, inflation and safe-haven demand. The move marked a sharp pullback from gold’s earlier record highs, underscoring how quickly sentiment can shift when monetary policy expectations turn against non-yielding assets.
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