Gold prices have plunged 24% from their record $5,417 an ounce, marking a 12% drop in the June quarter—the steepest quarterly decline since December 2016.
Gold has fallen nearly 12% in the June quarter
Jun 24, 2026
10:16 am
What's the storyGold prices have witnessed a sharp decline, falling nearly 12% in the June quarter. This is on track to be the steepest quarterly fall since December 2016.
From its record high of $5,417 an ounce, the precious metal has now fallen by some 24%.
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Silver and platinum have joined gold with record-breaking rallies in recent months as investors seek out safer assets.
Gold has fallen from recent highs but there are several reasons investors are still finding refuge in the precious metal.
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