Extending the losses from Thursday's plunge, gold prices have turned lower on Monday amid persisting concerns of a high-interest-rate regime in the near-term in addition to a strengthening U.S. dollar despite U.S.-Iran peace talks showing signs of progress.
Of note, U.S. markets remained closed on Friday on account of the Juneteenth Federal Holiday.
Front Month Comex Gold for August month delivery has inched lower by $36.80 (or 0.87%) to $4,209.10 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.