Gold heads for worst quarter in more than a decade as retail frenzy fades
Gold is tracking toward its steepest quarterly decline since 2013 as retail demand cools and investors anticipate Federal Reserve rate hikes.
📍 Where it landed
Gold prices continued to decline, slipping below $4,000, as the retail frenzy that had driven prices up earlier faded. The precious metal was headed for its worst quarter in 13 years, weighed down by a strong dollar, interest rate hike expectations, and firmer Treasury yields.
The story quieted without a definitive conclusion in the coverage.
Epilogue added 52d ago, after coverage quieted.
The reporting (21)
- Gold Slumps Below $4,000 as It Loses Shine to the Dominant Tech Trade Barron's · 55d ago
- Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion CNBC · 55d ago
- Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion CNBC · 55d ago
- Gold and Silver Prices Are Falling Like Rocks WSJ · 55d ago
- Gold prices slip as firmer Treasury yields, Fed rate outlook weigh CNBC · 55d ago
- Gold slips as fading US-Iran peace prospects reinforce Fed rate-hike bets Reuters · 55d ago
- Gold Steadies as US-Iran Peace Talks Frame Inflation Outlook Bloomberg.com · 55d ago
- Gold heads for worst quarter in 13 years on strong dollar, Fed hike bets KITCO · 55d ago
- Gold price attracts a modest bid even as U.S. JOLTS shows resilient labor market KITCO · 55d ago
- Gold is on the verge of a ‘death cross’ that could surprisingly foreshadow gains MarketWatch · 55d ago
- Fed turned a ‘pause in the structural bullish gold story’ into ‘a deeper freeze’ KITCO · 55d ago
- Gold Holds Drop as US-Iran Tensions Weigh on Inflation Outlook Bloomberg.com · 55d ago
- Gold set for worst quarterly loss in 13 years on hawkish Fed stance CNBC · 55d ago
- Gold prices today, Tuesday, June 30: Hanging just above $4,000, but ready to rise? Yahoo Finance · 55d ago
- Gold prices today, Monday, June 29: Holding at last week's levels ahead of June jobs report Yahoo Finance · 55d ago
- Gold slips as U.S.-Iran tensions spark inflation, rate hike fears CNBC · 55d ago
- Moneycontrol Pro Panorama Moneycontrol.com · 55d ago
- XAU/USD: Gold on Track for Fourth Straight Losing Month to Total Wipeout of 25% TradingView · 55d ago
- Gold and silver fall over 1% on Fed rate hike bets MSN · 55d ago
- Gold heading for largest quarterly drop since 2013 amid rate hike jitters Investing.com India · 55d ago
- Gold heads for worst quarter in more than a decade as retail frenzy fades Financial Times · 55d ago broke it first
What happened
Gold prices are falling, with the metal on track for a fourth consecutive losing month. According to TradingView, this represents a total wipeout of 25%.
The downturn is coinciding with a fade in retail frenzy and a drop in silver prices of over 1%. Coverage from the Financial Times, Investing.com India, and MSN emphasizes that the decline is driven by jitters regarding Federal Reserve rate hike bets.
Investing.com India notes that this trajectory would mark the largest quarterly drop for gold in more than a decade. Market focus remains on the outcome of Federal Reserve rate decisions and whether the downward trend in XAU/USD continues following these losses.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 55d ago.
Questions people are asking
How significant is the current drop in gold prices?
Gold is heading for its worst quarter in more than a decade, with TradingView reporting a total wipeout of 25% over four straight losing months.
What factors are contributing to the decline?
The decline is attributed to fading retail frenzy and investor bets regarding Federal Reserve rate hikes.
Are other metals affected?
Yes, according to MSN, silver has also fallen by over 1%.
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