Gold prices catapulted on Monday as traders are increasingly confident emerging signs of a weakening U.S. economy will pressure the U.S. Federal Reserve to execute rate cuts even as efforts to end the government shutdown gain momentum.
Front Month Comex Gold for November delivery soared by $112.40 (or 2.81%) to $4,111.80 per troy ounce.
Front Month Comex Silver for November delivery skyrocketed by $2.1600 (or 4.50%) to $50.177 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.