Gold prices have inched lower on Monday following fading expectations of rate cuts by the U.S. Federal Reserve in the near-term as the U.S. and Iran lock horns over controlling the Strait of Hormuz after peace talks failed.
Front Month Comex Gold for June month delivery has slid by $18.10 (or 0.38%) to $4,769.30 per troy ounce.
Front Month Comex Silver for June month delivery has plunged by $0.758 (or 0.99%) to $76.005 per troy ounce.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.