Gold Prices Steady Near Two Month Low

Gold prices steadied after sliding to a two month low as investors assessed the likelihood of another US Federal Reserve interest rate hike before the year ends. Spot gold was little changed while market participants weighed inflation risks and yields.

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Ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, June 16, 2026. REUTERS/Alexander Manzyuk

Gold paused its decline during Thursday morning trading, stabilizing at $4,116.67 per ounce after touching a two-month low in the previous session.

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