10:55 - 29.06.2026

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June 29, Fineko/abc.az. Against the backdrop of mutual military strikes between the U.S. and Iran over the past weekend, rising oil prices and increased expectations of interest rate hikes by the US Federal Reserve (Fed) have led to a decline in gold market prices.

ABC.AZ informs, citing exchange reports, that the spot price for one troy ounce of gold fell by 0.7% to $4,061.35. Thus, gold is preparing to end with a drop for the fourth month in a row, and the total losses for this period have reached 10.4%.

Silver fell by 1.1% to $58.51, while platinum rose in price by 1% up to $1,630.13 and palladium strengthened by 0.8% up to $1,218.92.