US financial media; gold and silver market analysis framing the drop through the lens of Fed rate expectations and Middle East risk premium
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CNBC · United States · Gold closes Q2 2026 down 14%, its steepest quarterly fall on record, at $3,986
Reported gold's first sustained move below $4,000 since November 2025 on June 25, trading at $3,972 per ounce at 9:05 a.m. ET. Framed it as the Federal Reserve's rate-hike pivot unwinding the gold trade, with analysts noting the Iran ceasefire removed the war-risk premium that had powered the January record. Noted silver also fell below $60 for the first time in months.
“Gold hovers around $4,000, silver holds below $60. Has the shimmer worn off the precious metal rally?”