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06/22 10:43

Two Gold Bugs Stand Firm on Gold's Rally, Lawrence

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #TradFi Trading Strategies Sharing Challenge Two Gold Bugs Stand Firm on Gold's Rally, Lawrence Lepard Targets $1 Million Bitcoin Spot gold opened the week near $4,214 per ounce on June 13. Prices climbed as high as $4,330 to $4,380 by midweek on optimism around a U.S.-Iran truce deal involving President Trump. The rally reversed sharply after the Fed signaled it could raise rates later in 2026, sending gold down to $4,151 to $4,173 by June 19 and 20. The pullback marks a roughly 3.4% weekly loss and extends a broader June correction that has pulled gold down about 8.5% for the month. Gold remains about 23% higher than a year ago but sits well below its January 2026 record of roughly $5,608 per ounce. Dollar Strength Weighs on Gold The U.S. dollar climbed to its highest level in 13 months during the week. A stronger dollar makes gold more expensive for holders of other currencies and typically reduces demand for the metal alongside other assets.

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