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Gold falls below $4,000 as strong dollar and bond yields pressure metals; ING lowers price forecasts.

Market News
24 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices have dropped below $4,000 an ounce, hitting a yearly low, while silver fell below $60 an ounce due to a strong U.S. dollar and rising bond yields. The Federal Reserve's signals of potential rate hikes this year have shifted market focus toward tighter financial conditions, pressuring precious metals. ING has lowered its gold and silver price forecasts for the second half of 2026, citing near-term headwinds despite maintaining a positive medium-term outlook. Structural demand from central banks and geopolitical risks remain, but higher yields and weaker investor interest are dampening prices for now.

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