Jul 1, 2026 · 5:25 AM
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Gold breaks below $4,000 for the first time since November as the Fed pivot trade unravels
FINANCIAL MARKETS ★ FEATURED
Gold breaks below $4,000 for the first time since November as the Fed pivot trade unravels
Gold broke below $4,000 an ounce on June 24 for the first time since November, falling roughly 20% from its January record as a US-Iran ceasefire, a technology stock selloff, and sharply repriced Fed rate expectations hit simultaneously. Silver dropped below $60 in the same session, extending its own steep correction from January highs. The macro case for gold, deficit spending, central bank buying, de-dollarization, remains intact, which is why analysts and retail platforms are watching $4,000
Elroy Fernandes
5 min read
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