Gold hovers near seven-month low below $4,000 as dollar strength and Fed hike bets weigh

Gold remained under pressure on June 25, trading and settling below $4,000 an ounce for the first time since November 2025 and leaving bullion near a more-than-seven-month low. Spot gold was down 0.4% at $3,985.89 an ounce at 0043 GMT, while front-month U.S. gold futures for August delivery fell 0.2% to $4,001.60 and later settled down 3.4% at $3,990.30, the lowest close since early November, marking a fourth straight daily loss. Analysts cited a firmer U.S. dollar, rising expectations for tighter Federal Reserve policy and comments from Treasury Secretary Scott Bessent pointing to 3% GDP growth by year-end as factors weighing on the non-yielding metal, while investors awaited U.S. Personal Consumption Expenditures data for further policy clues.

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