Extending losses from the two previous sessions, gold prices have declined sharply on Wednesday as Iran struggles to reach a deal with the U.S. while the Strait of Hormuz remains blocked for oil transit.
Front Month Comex Gold for June month delivery has slid by $44.80 (or 0.97%) to $4,563.60 per troy ounce.
Front Month Comex Silver for June month delivery has plunged by $1.651 (or 2.25%) to $71.833 per troy ounce.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.