Gold is trading at $4,178.10, down 1.63%, following the Federal Reserve’s June 17 decision to hold rates steady and signal a more hawkish policy path.
- Treasury yields climbed and risk assets declined after officials indicated that no rate cuts are expected for the remainder of 2026.
- The hawkish stance is typically bearish for non-yielding Gold, as higher interest rates increase the opportunity cost of holding the metal.
- The downward move appears driven by broader macro sentiment and a stronger dollar rather than any specific commodity-related catalyst.