Gold falls as dollar holds firm on Fed rate-hike expectations
14:11, 23 June 2026
Gold prices fell more than 1 percent on Tuesday, pressured by a firmer US dollar on expectations of a Federal Reserve interest rate hike this year, WAM reports.
Spot gold was down 1.1 percent at $4,142.61 per ounce, as of 0414 GMT. US gold futures for August delivery fell 1 percent to $4,160.20.
The dollar held firm near the one-year high hit late last week, making gold less affordable for buyers holding other currencies.
Spot silver fell 3.3 percent to $63.05 per ounce, platinum lost 1.9 percent to $1,646.30, and palladium was down 1.8 percent at $1,242.7
Last Thursday, gold rose more than 1 percent, recouping losses from the previous session.
