Hawkish Fed signals send gold to third straight weekly loss
Gold prices are on track for a fourth consecutive weekly decline of about 2.5%. Despite a Friday rise, the metal recently hit a seven-month low. A strong U.S. dollar and expectations for three Federal Reserve rate hikes this year continue to pressure bullion.
What changed
The weekly decline streak has extended from three to four weeks and prices fell below $4,000 for the first time since November 2025.
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Gold faces fourth straight weekly drop amid Fed rate hike fears
confidence 95%Gold prices are on track for a fourth consecutive weekly decline of about 2.5%. Despite a Friday rise, the metal recently hit a seven-month low. A strong U.S. dollar and expectations for three Federal Reserve rate hikes this year continue to pressure bullion.
What's confirmed:
- Gold is on track for its fourth straight weekly fall.
- Spot gold prices fell below $4,000 an ounce on Wednesday for the first time since November 2025.
- The metal reached a more than seven-month low earlier this week.
- A strong U.S. dollar and expectations of Federal Reserve rate hikes have pressured gold prices.
- Spot gold was $4,051.97 an ounce as of 1128 GMT on Friday.
- U.S. gold futures for August delivery were $4,067.50 per ounce on Friday.
- The metal is set for a weekly loss of about 2.5%.
Still unconfirmed:
- Inflationary pressures are caused by the Iran War.
- Fed member Warsh's first meeting projections are driving the selling.
- ETF outflows are contributing to the price drop.
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Gold Records Third Consecutive Weekly Loss Amid Hawkish Fed Signals
confidence 90%Gold prices are on track for their third straight weekly decline. A stronger U.S. dollar and expectations of higher interest rates from the Federal Reserve are driving the trend. The metal hit a near two-week low following two consecutive sessions of losses.
What's confirmed:
- Gold is on track for a third consecutive weekly decline.
- A stronger U.S. dollar and hawkish signals from the Federal Reserve are pressuring gold prices.
- Gold fell for two consecutive sessions.
- Expectations of higher U.S. interest rates are weighing on the metal.
Still unconfirmed:
- Gold reached its lowest level since June 11.
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Gold Faces Third Straight Weekly Loss Amid Hawkish Fed Signals
confidence 90%Gold prices are on track for a third consecutive weekly decline. A stronger U.S. dollar and hawkish signals from the Federal Reserve are driving the downward trend. Market volatility persists as traders weigh interest rate outlooks against Middle East diplomatic developments.
What's confirmed:
- Gold is on track for its third consecutive weekly decline.
- The U.S. Federal Reserve has held rates steady while indicating future hikes.
- A stronger U.S. dollar has contributed to the decline in gold prices.
- Hawkish signals from the Federal Reserve are putting pressure on gold.
Still unconfirmed:
- Gold hit its hardest brake since 1981 due to Kevin Warsh's hawkish influence on the Fed.