Gold prices fell on June 19, 2026. The market is now heading toward a third consecutive weekly decline. Spot gold traded around $4,174 per ounce. Prices previously hit a session low near $4,119. Xetra-Gold prices directly reflected these movements in the underlying market.
A firmer U.S. dollar and a hawkish Federal Reserve stance drove the downward trend. The Fed signaled potential interest rate hikes later this year. This environment creates challenges for non-yielding assets such as gold.
Goldman Sachs cut its year-end gold price forecast by $500. The bank now projects a year-end price of $4,900 per ounce. This revision follows a reduced likelihood of U.S. rate cuts in 2026. Analysts noted that the short-term outlook faces downside risk despite constructive long-term views.