Gold prices reached a historic $4,000 per ounce on June 26, 2026. This marks the first time the asset has crossed this threshold.
Latest U.S. Personal Consumption Expenditures (PCE) data catalyzed the surge. The report met estimates but confirmed that inflation remains persistent. These results reinforced expectations that the Federal Reserve will maintain current interest rates.
The asset has gained approximately 24% year-to-date. Geopolitical uncertainty and significant central bank purchases underpin the ongoing rally.