On June 24, 2026, gold prices fell below the $4,000-per-ounce mark, the first time this has happened since November of last year. The decline was driven by a stronger U.S. dollar and expectations of higher interest rates in the United States, according to Bloomberg.<\/p>\n
According to the agency, the price of gold dropped by 2.9% to $3,999.90 per ounce, marking its second consecutive trading session of losses.<\/p>\n
Over the past three years, gold prices have more than doubled as central banks, financial institutions, and private investors poured significant funds into the precious metal. However, the rally stalled at the end of January when gold reached a record high of approximately $5,600 per ounce. By June, the price had fallen by more than 20% from its peak.<\/p>\n
One of the key factors weighing on gold prices has been the conflict between the United States and Iran. Rising oil prices contributed to inflationary pressures, increased the likelihood of higher interest rates, and made gold less attractive compared to income-generating assets such as U.S. Treasury bonds.<\/p>\n
Over the past week, several major banks revised their gold price forecasts. Goldman Sachs Group Inc. cut its forecast by $500 and now expects gold to reach $4,900 per ounce by the end of the year. Meanwhile, Deutsche Bank AG lowered its fourth-quarter forecast by 17%.<\/p>\n
Despite these developments, strong demand from central banks remains a positive factor for the gold market. In the first quarter, central banks increased their gold holdings at the fastest pace in a year, and survey results indicate they are prepared to continue purchasing the precious metal.<\/p>\n","protected":false},"featured_media":151817,"menu_order":0,"template":"","newscat":[9],"newstag":[],"issues":[],"class_list":["post-151816","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/151816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/151817"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=151816"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=151816"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=151816"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=151816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}