Gold price prediction today: Gold falls to nearly 11-week low before recovering; check June 9, 2026 outlook

Gold price prediction today: Gold prices continue to be under pressure as crude oil prices remain high, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.Gold Performance:On June 8, spot gold extended its decline to $4268 -- lowest since March 23-- as Middle East tensions escalated yet again with Iran and Israel trading military strikes. Consequently, oil prices surged that further amplified rate hike concerns on inflation worries.

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