Gold reclaims $4,000 as dollar softens on in-line inflation data

Precious metals bounce from multi-month lows, though gold remains down 8% in June as investors weigh Fed policy path.

By Handelsavisen Newsroom · Automated 2026-06-25 17:29 UTC · 1 min read

Gold futures surged past the $4,000 per ounce mark on Thursday, marking a decisive recovery for the precious metal after a sharp slide in the previous session.

The rebound was driven by a retreat in the US dollar index following the release of US inflation data that largely met market expectations.

Gold prices remain down 8% for the month of June, while silver has fallen to its lowest level in seven months.

Silver also participated in the rally, climbing by approximately $1 per ounce as broader sentiment in the commodities complex improved.

Despite the intraday strength, the recovery comes against a backdrop of significant monthly weakness.

Gold prices remain down 8% for the month of June, while silver has fallen to its lowest level in seven months.

The recent volatility underscores the sensitivity of precious metals to shifts in the US dollar and changing expectations regarding Federal Reserve monetary policy.