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Gold Holds Decline After Bets Increase on Fed Hike This Year

Gold Holds Decline After Bets Increase on Fed Hike This Year
Bloomberg Markets Wednesday 17 June 2026, 22:57 UTC By Kanupriya Kapoor 1 min read
Key Points

Gold Holds Decline After Bets Increase on Fed Hike This Year Gold held a loss after the US Federal Reserve kept interest rates unchanged and signaled a hike later in the year. Bullion traded near $4,265 an ounce following a 1.7% drop in the previous session.

Gold Holds Decline After Bets Increase on Fed Hike This Year Gold held a loss after the US Federal Reserve kept interest rates unchanged and signaled a hike later in the year. Bullion traded near $4,265 an ounce following a 1.7% drop in the previous session. Traders were fully pricing in a tightening of monetary policy by October after the Fed said it would deliver price stability and removed a reference in its statement to additional rate adjustments.
Gold Holds Decline After Bets Increase (ORG) Fed (ORG) the US Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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