11:27 - 24.06.2026

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June 24, Fineko/abc.az. Global gold prices extended their decline, recording the lowest level in the last two weeks due to sharp strengthening of the US dollar and tight expectations on the monetary policy of the Federal Reserve.

ABC.AZ reports that the spot gold price fell by 1%, adjusting to $4,067.51 per troy ounce. August futures on the COMEX exchange in the U.S. declined by 1.6% to $4,083.90. The dollar index soared to an annual high, making bullion more expensive for foreign buyers.

Conflicting signals from the U.S.-Iran meeting on nuclear inspections and asset unfreezing put additional pressure on the precious metal.

According to CME FedWatch, the market is already pricing in three Fed rate hikes this year instead of one. Investors are waiting for the publication of the key US deflator PCE on Thursday to assess the regulator's further steps.

Dynamics of prices for other precious metals:

Silver: Down 0.9% to $61.44 per ounce;

Platinum: Lost in value by 0.8%, falling to $1,638;

Palladium: Sank by 0.8% to $1,227.41.