Gold Futures Fall 3.4% to $3,990.30 on June 25 as Dollar Strengthens, Fed Rate Hike Looms

XAU-3.16%
According to Jin10, gold futures on the New York market fell 3.4% on June 25, closing at $3,990.30 per ounce—the lowest closing price since November 2024. A stronger U.S. dollar and growing market expectations of potential Federal Reserve rate hikes later this year weighed on investor sentiment, making dollar-denominated commodities more expensive for overseas buyers.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments