Gold heads for worst quarter in 13 years on strong dollar, Fed hike bets

1 day ago 2

Rommie Analytics

June 30 (Reuters) - Gold edged higher from ‌a near seven-month low on Tuesday but remained on track for its worst quarterly performance since the second quarter of 2013, as the dollar remained firm amid expectations of U.S. interest rate hikes. Spot gold inched up 0.4% at $4,031.29 per ​ounce, as of 1150 GMT, after touching its lowest level since November 2025 earlier in the ​session. U.S. gold futures for August delivery lost 0.2% to $4,045.30/oz. "The failure to sustain ⁠gains (for gold) highlights the current fragile sentiment, where traders continue to sell into strength rather than buy ​into weakness,...
Read Entire Article