Gold is trading at $4,157, down 1.2%, after sliding in overnight futures as the dollar firms and risk appetite weakens.
- The move follows a brief technical bounce on June 22, 2026, after a Goldman Sachs price-target cut and a Fed-driven pullback last week.
- Traders are re-focusing on higher-for-longer interest rate risks and broader risk-off sentiment weighing on precious metals.
- A stronger dollar and the recent shift in Fed sentiment continue to pressure the metal's appeal as a safe-haven asset.