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fxJun 30, 2026, 7:11 PM

Gold rises above $4,000, heads for 11% monthly loss

Gold (XAU/USD) edged up 0.35% on Tuesday, trading above $4,000, but remains on track for a monthly decline of over 11% after falling from highs near $4,500.

XAUUSD

Gold posted modest gains of 0.35% on Tuesday, lifting the precious metal back above the $4,000 mark. The uptick comes after a sharp retreat from monthly highs around $4,500, driven by strength in the US dollar.

Despite the daily recovery, gold is set to end the month with losses exceeding 11%. The metal has been under pressure from a robust US dollar, which weighed on XAU/USD throughout the month.

Traders are monitoring further dollar dynamics and potential support levels near $4,000 as the monthly close approaches.

Source: FXStreet Forex News