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fxJun 8, 2026, 11:17 PM

Gold Edges Lower Below $4,350 as Fed Rate Hike Expectations Grow

Gold price (XAU/USD) trades with mild losses around $4,325 during early Asian trading on Tuesday, pressured by rising bets of a US interest rate hike and uncertainty in the Middle East.

XAUUSD

Gold (XAU/USD) is trading with mild losses near $4,325 in early Asian trade on Tuesday, remaining close to its lowest level since March 24. The precious metal is under pressure as expectations of a Federal Reserve rate hike grow amid persistent inflation concerns.

Uncertainty in the Middle East continues to provide some support, but the strengthening case for tighter US monetary policy is driving the metal lower. The price has slipped below the $4,350 level, reflecting a cautious market sentiment.

Source: FXStreet Forex News