International gold prices fell below the key US$4,000-per-ounce mark for the first time since November 2025, weighed down by a stronger US dollar and growing expectations that the US Federal Reserve could keep interest rates higher for longer.
Spot gold slipped 0.54% to US$3,977.79 per ounce, while gold futures fell 0.33% to US$3,995.57. Silver and platinum also posted losses.
Despite the decline, market analysts believe gold remains supported by continued central bank buying, reducing the likelihood of a sharp sell-off. However, subdued investor sentiment could keep prices range-bound in the near term.
Analysts at ING have lowered their gold price forecasts for the second half of 2026, citing weaker market momentum and a stronger US dollar.
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