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

Bullion slipped under $4,000 for the first time since November 2025, with a stronger dollar, hawkish Federal Reserve expectations and U.S. growth comments adding pressure as investors watched PCE inflation data.

33d ago

Fact Check

The Reuters article ('Gold extends losses on Fed tightening outlook, dollar strength') directly states gold broke below $4,000/oz for the first time since November 2025, hit a seven-month low, was pressured by a 13-month-high dollar and Fed hike expectations, with PCE data due — confirming every component of the claim. GoldSilver.com and CoinDesk independently corroborate the $4,000 break and 'first time since November 2025' framing. Evidence is consistent and from a credible primary financial news source.

Summary

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.

Terms & Concepts

Personal Consumption Expenditures: The Federal Reserve’s preferred U.S. inflation gauge.
front-month gold futures: Nearest-expiry gold futures contracts.
non-yielding asset: An asset like gold that does not pay interest or dividends.