23/06/2026
Precious metals extended their losses as stronger U.S. economic data pushed back expectations for Federal Reserve rate cuts.
Here is your weekly update for 05-06-26
Gold fell 4.9% to $4,337.10/oz, while silver dropped 8.8% to $68.94/oz, marking its fourth straight weekly decline.
A stronger-than-expected U.S. jobs report lifted Treasury yields and the U.S. dollar, putting pressure on gold and silver as investors reduced exposure to precious metals.
Looking ahead, markets will focus on U.S. inflation data, the Federal Reserve meeting, Treasury yields, the U.S. dollar, and developments surrounding the U.S.-Iran agreement for further direction.