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Gold prices fluctuate sharply amid Fed rate hike fears and inflation data, closing near $4,100.

Market News
26 Jun 2026
Kitco
View Source
Neutral
pluang ai news

Gold prices experienced significant volatility last week, initially rising above $4,200 before dropping below $4,000 due to strong U.S. economic data, persistent inflation, a stronger dollar, and expectations of aggressive Federal Reserve rate hikes. The market saw some recovery late in the week driven by geopolitical tensions and bargain hunting, but overall sentiment remains cautious with many analysts expecting continued pressure on prices. Upcoming U.S. employment data will be closely watched for clues on the Fed's next moves, with some experts anticipating a rebound in gold as inflation concerns and central bank purchases persist. Technical support around $3,900 to $4,100 is seen as a key level for potential stabilization and upward momentum.

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