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Gold hits over seven-month low

Gold hits over seven-month low
24 June 2026 23:55

NEW YORK (WAM)

Gold prices fell to a more than seven-month ​low on Wednesday and traded below the key $4,000-per-ounce level, due to pressure from ‌a firmer US dollar and growing expectations of interest rate hikes.

Spot gold fell 3.3% to $3,973.79 an ounce as of 6pm GMT, after hitting its lowest level since November 2025.

US gold futures settled 3.4% lower ​at $4,008.80.

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