Gold Prices Erase 2026 Gains, Falling Below $4,200/oz on June 10

XAU3.80%
According to BlockBeats, international gold prices fell below $4,200 per ounce on June 10, with COMEX August gold futures settling at $4,188.70/oz, down 2.28% intraday. Gold has now erased all year-to-date gains, falling 3.51% since the start of 2026. The decline follows stronger-than-expected U.S. non-farm payroll data, which reinforced expectations for Federal Reserve rate increases. CME FedWatch data shows markets now pricing in approximately 70% probability of at least a 25 basis point rate hike by year-end, which would reduce demand for non-yielding assets like gold.
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