A wave of profit taking in the gold market has brought a three-year bull run to an end, but there’s little evidence yet that investors are putting on large-scale short positions in anticipation of further declines.

Treasury yields dipped after the US personal consumption expenditures price index, the Federal Reserve's favored inflation gauge, rose 0.4% in May from the previous month.

Gold steadied near $4,000 an ounce as the latest US inflation gauge tempered expectations for an interest-rate hike, capping a tumultuous week that saw bullion slump to the lowest since November.Most

Gold and silver rallied after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing global inflation fears and potentially tempering expectations for interest-rate hikes.

Gold prices rise amid Middle East tensions. Gold at $4,600 in July 2026 priced at 4.7% YES, $4,500 at 9.5% YES, and dip to $3,500 at 1.7% YES.

Pre-owned Rolexes and other gold models have dropped in price since April, according to a new report from the Bloomberg Subdial Index.

Gold and silver prices fell again on 29 June, driven by Middle East tensions and inflation concerns. Comex gold futures dropped to an intraday low of $4,012, while silver fell to $57.84, marking a significant downturn for both metals amid rate hike fears.