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fxJun 10, 2026, 5:54 PM

Gold Crashes Over 3% as US Inflation Data and Trump Threat Boost Yields, Oil

Gold (XAU/USD) fell over 3% on Wednesday after US inflation data remained elevated, reinforcing higher-for-longer rate expectations, while Trump's strike threat pushed oil and yields higher.

XAUUSD

Gold prices plunged more than 3% on Wednesday, marking a sharp decline as the latest US inflation report showed persistent price pressures. The data reinforced expectations that the Federal Reserve will keep interest rates higher for longer, a negative factor for non-yielding assets like gold.

Adding to the sell-off, a strike threat from former President Trump sent oil prices and bond yields higher, further weighing on gold. The rise in yields increases the opportunity cost of holding gold, which offers no interest.

No additional details on the strike threat or inflation figures were provided in the source.

Source: FXStreet Forex News