Gold falls below $4,000 since Nov 2025
Spot gold prices declined by 3.17%, falling below $4,000 an ounce for the first time since November 2025, due to the strength of the US dollar and expectations of continued interest rate hikes. The rise in the dollar's value increased the cost of gold for buyers using other currencies, amid growing market bets on further US interest rate increases following a hawkish stance by the Federal Reserve, combined with ongoing inflation concerns resulting from the Iranian conflict. ING has revised downward its gold price forecasts, estimating an average price of $4,300 in the third quarter of 2026 and $4,600 in the fourth quarter, lower than their previous outlook.
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