Gold prices face worst quarterly drop in 13 years
Gold prices rose today, but they are on track to record the worst quarterly performance in 13 years, due to inflation concerns and increased expectations of U.S. interest rate hikes. Prices increased by 0.3% to $4,027.03 per ounce, falling below the lowest level since November 2025, amid expectations of further hikes by the Federal Reserve. Other precious metals are also experiencing sharp declines, with palladium dropping 0.6% to $1,206.17, while gold and silver prices are heading toward their worst quarterly performance in years.
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