...this setup for gold and silver is starting to get interesting again.

By Isabel Wang and Myra P. Saefong

Gold prices dropped below $4,000 per ounce for the first time since November 2025 as the US dollar hit 13-month highs and Fed hawkish signals rattled

Producers of metals, grains and other raw materials fell alongside precious metals futures as the U.S. dollar hit a 13-month high against rivals.

...this setup for gold and silver is starting to get interesting again.

Gold has entered bear market territory, sliding below US$4,000 an ounce for the first time since November 2025 as rising interest rate expectations and a strengthening dollar…

Silver tumbled 3% to 56.47 on June 25—its lowest in months—as a 13-month-high dollar and rising rate-hike bets punish income-free metals. Gold held near 4,024.

Gold fell about twenty-nine percent in months. Is the dollar-fleeing rush into bullion swapping one risk for a worse store of value? An analysis.