Extending the losses from the four previous sessions, gold prices have tumbled on Tuesday as expectations of a near-term high-interest-rate regime gain strength, which pushed the U.S. dollar to the upside even though crude oil prices declined sharply due to resumption of shipping traffic across the Strait of Hormuz.
Front Month Comex Gold for August month delivery has slumped by $47.90 (or 1.14%) to $4,154.80 per troy ounce.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Market Analysis
Gold Tumbles Despite Slump In Crude Oil Price As U.S. Dollar Strengthens
2026-06-23 17:38:51
