Spot gold slid to around $4,072 this week, extending an 11% one-month decline, as Iran deal progress deflated safe-haven demand while oil-driven inflation kept the Fed hawkish.
Tag: gold
Posted inMarkets
Gold erases 2026 gains as US jobs shock forces rate-hike bets
Gold fell 3.3% to $4,340 on June 5, hitting its lowest point of 2026, after May nonfarm payrolls added 172,000 jobs — more than double forecasts — forcing investors to reprice Federal Reserve rate expectations higher.
Posted inMarkets
Gold retreats from its $5,589 record but forecasters still see $5,000 ahead
After hitting an all-time high in January 2026, gold has pulled back roughly 16 percent to trade around $4,700, driven by rising US inflation expectations and growing conviction that the Federal Reserve will keep rates elevated well into 2027.