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fxJun 24, 2026, 5:02 PM

Gold Hovers Near 2026 Lows as USD Strength Persists

Spot Gold touched $3,964, its lowest since November 2025, before bouncing above $4,000. Persistent US Dollar strength continues to weigh on the metal.

XAUUSD

Gold prices remain under pressure, trading near fresh multi-year lows. On Wednesday, XAU/USD dipped to $3,964, the lowest level since November 2025, before recovering to above $4,000 during US trading hours.

The rebound was limited by persistent strength in the US Dollar, which continues to weigh on the precious metal across forex markets. The dollar's rally has been a dominant theme, pressuring commodities denominated in USD.

Source: FXStreet Forex News