Gold fell to its weakest level since early November 2025 on Tuesday, as uncertainty over the Middle East war weighed on the metal.
Selling operations spread across precious metals. Silver fell 1.4% to $57.4, platinum fell 1.25% to $1,572, and palladium fell 0.45% to $1,216. The four precious metals faced monthly losses.
Why does the price of gold continue to fall?
According to market data, the metal reached an intraday low of $3,942 during early Asian trading hours. At press time, gold was trading near $3,956, down 1.5% on the day.
The latest slide comes amid diplomatic pressure. President Donald Trump Claims Iran requested a meeting after the last one Exchanging blowsHe says that the meeting will be held in Qatar on Tuesday.
Tehran tells a different story. The Iranian Ministry of Foreign Affairs denies holding any scheduled meeting with the United States. But she said that her delegation of experts was heading to Doha.
Iranian Foreign Ministry spokesman Ismail Baghaei said: “We will not hold any negotiating meetings at any level with the American side in the coming days. The fact that American representatives are traveling to Qatar has nothing to do with the Iranian delegation’s trip.” He said.
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Gold is headed for its fourth consecutive monthly loss
Meanwhile, gold is on track for its fourth straight monthly decline, down 12.26% in June. Overall, gold is down nearly 30% from its January 2026 peak near $5,600.
January’s surge to record levels was reversed in March when the US-Iran conflict reshaped interest rate expectations and raised bets on a Fed hike.
Higher interest rates raise real yields and affect gold, which pays no interest. Metal was made for the first time It moved below $4,000 in late June It has continued to slide ever since.
Federal Reserve Chairman Kevin Warsh kept interest rates steady at his first meeting. However, nine of the eighteen policymakers expect at least one increase in 2026, which will happen Keep the downward pressure Bullion.
Major banks also lowered their targets for gold amid a tough tone. Goldman Sachs lowered its price Year-end call for $4,900. Deutsche Bank cut its forecast for the third quarter to $4,300, and warned that prices could reach $3,800 if the Federal Reserve decides… Delivers three to four hikes.
Next moves depend on the fragile ceasefire and the Federal Reserve’s interest rate decisions. Both will determine whether gold continues its decline into the second half of 2026.
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this post Gold falls to its lowest price since November as the fourth monthly loss approaches appeared first on BeInCrypto.
