Bullion is also set for its first quarterly fall since 2024. ReutersBullion is also set for its first quarterly fall since 2024. ReutersGold has fallen more than 12% this month as higher US interest rate expectations curb safe-haven demandReutersJune 30, 2026
Gold has fallen more than 12 per cent in June, marking its steepest monthly decline since October 2008.
The precious metal is set for its first quarterly fall since 2024 and its largest quarterly drop since June 2013.
Traders are pricing in a 64 per cent chance of a September Federal Reserve rate rise, with three increases expected this year.
A strengthening US dollar is compounding gold's losses, making the commodity more expensive for holders of other currencies.
