Gold holds at $4,015, silver at $57 per ounce after new US inflation data

Gold prices stabilized above $4,000 per troy ounce after the release of new US inflation data, which eased expectations for further interest rate hikes by the Federal Reserve. The spot price of the precious metal stood at around $4,015 per ounce, Bloomberg reports, writes UNN.

Details

According to the US Department of Commerce, the core Personal Consumption Expenditures (PCE) price index rose by 0.4% in May, which was below market forecasts. Following this, yields on US government bonds declined, and traders reduced bets on another increase in the Fed's discount rate, which partially supported the gold market.

Despite the stabilization, the precious metal is ending the week near its lowest levels since November. After a record rally in 2025, when gold became one of the main safe-haven assets amid geopolitical tensions, the market entered a correction due to expectations of a prolonged period of high interest rates in the US.

Invesco analyst David Chao noted that the market has already priced in the risks of tighter Fed monetary policy, but does not expect another rate hike in the near future. As of Friday morning, the spot price of gold stood at $4,014.88 per ounce, while silver traded at $57.44 per ounce.

Gold price stabilizes near $4,000 after sharp drop25.06.26, 06:16 • 9380 views