Gold eases from two-week high as dollar rises 0.1%; Fed minutes due July 7, 2026
AI Market Summary
Gold eased from a two-week high as a firmer U.S. dollar pressured bullion, while softer U.S. labor data tempered near-term Fed hike expectations and limited downside. Focus now shifts to Wednesday's FOMC minutes for incremental guidance on the policy path; any hawkish or dovish surprises could quickly reprice real-rate and USD assumptions. Broader precious metals also softened, reinforcing a near-term risk-off bias for the complex.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.54%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Gold prices slipped from a two-week high on Monday, with spot gold down 0.3% to $4,163.64 per ounce. The U.S. dollar index rose 0.1%, weighing on bullion. After weaker U.S. June jobs data, markets cut the probability of a Fed rate hike in September to about 57%. Investors are now awaiting the Fed meeting minutes due Wednesday to assess the policy outlook.
