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Spot Gold Falls 3.5% to Break Below $4,320/oz on June 6, Wiping Out YTD Gains Amid Fed Rate Hike Expectations

2026-06-06 00:49:51

According to BlockBeats, on June 6, spot gold fell approximately 3.5%, breaking below $4,320 per ounce as strong U.S. employment data fueled market expectations for Federal Reserve rate hikes this year. The decline wiped out all gains from earlier in the year. Bond yields and the U.S. dollar index both rose sharply during the move.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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