Gold Prices Fall Sharply in Q2, Fed June Meeting Signals 9 of 18 Officials Expect Rate Hike in 2026

XAU-2.45%
According to Lianhua Futures, gold prices fell sharply in the second quarter on June 19, erasing gains from the first quarter. The U.S. Federal Reserve's June meeting point plot showed that 9 of 18 participants expect at least one rate hike in 2026, exceeding market expectations. Among them, 3 officials projected one hike, 5 projected two hikes, and 1 projected three hikes. This suggests near-term risks for gold remain, though downside may be limited.
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