CAPITALS,26th June, 2026 (WAM) — Gold was set on Friday for a fourth straight weekly fall, as a resilient dollar and expectations of faster US rate hikes to tame inflation kept bullion pressured near $4,000 per ounce.
Spot gold fell 0.6% to $4,002.77 per ounce by 0441 GMT. U.S. gold futures for August delivery lost 0.7% to $4,017.30.
For the week, bullion was on track for a loss of 3.8%, having slipped below the key $4,000 level for the first time since November 2025 on Wednesday.
Gold prices have fallen about 29% from the record high of $5,594.82 on 29th January.
Among other metals, spot silver fell 2.6% to $56.39 per ounce, platinum lost 2% to $1,568.55, and palladium slid 0.6% to $1,177.12. All metals were headed for a weekly loss.
Source: Emirates News Agency