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Updated 27d ago
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The Price of Gold Sinks Under $4,000 for the First Time Since November
Gold prices have fallen below $4,000 per ounce, marking the lowest level of 2026. The decline is driven by a strengthening U.S. dollar and expectations of Federal Reserve rate hikes. The metal has lost 25% of its value so far this year.
What changed
Gold has sunk below the $4,000 threshold for the first time since November 2025.
Live updates
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Gold Prices Drop Below $4,000 for First Time Since November 2025
confidence 95%Gold prices have fallen below $4,000 per ounce, marking the lowest level of 2026. The decline is driven by a strengthening U.S. dollar and expectations of Federal Reserve rate hikes. The metal has lost 25% of its value so far this year.
What's confirmed:
- Gold prices fell below $4,000 per ounce for the first time since November 2025.
- A strong U.S. dollar and bets on Federal Reserve rate hikes contributed to the price drop.
- Gold and silver prices have reached seven-month lows.
- Spot gold fell 3% to below $4,000 per ounce while silver dropped more than 4% to under $60.
Still unconfirmed:
- Peter Schiff views the current price correction as a buying opportunity.