SPDR Gold Shares

Surging momentum in the U.S. dollar and elevated bond yields are taking their toll on the precious metals market, with gold prices dropping below $4,000 an ounce and hitting a new low for the year.

(Kitco NewWire) - Spot gold and silver prices are under heavy pressure in early U.S. trading Wednesday, as a stronger U.S. dollar, renewed Fed-rate repricing and easing oil-supply fears continue to weigh against haven demand.

Gold was lower in early Asian trade amid weak sentiment.

Gold is supposed to be the panic asset. The thing you own when everything else breaks. So why does the most famous gold ETF on Wall Street skim more from your bullion stake than three of its near-identical twins? If you hold SPDR Gold Trust (NYSEARCA:GLD) in a taxable account, the answer matters more than... The 28% Tax Trap Inside GLD That Your Brokerage Statement Won't Show

Gold's recent correction has created an attractive entry point for investors, even as short-term headwinds continue to pressure prices, according to one portfolio manager.

Gold is testing a key Fibonacci support zone within a broader downtrend, with upcoming price action likely determining whether another rebound or renewed selling emerges.

Gold and silver see continuing pressure, as do manufacturing jobs highlighted by today's data. Marley Kayden offers insight into her final takeaways from Tuesday's trading session.

China's gold imports reached their highest monthly level in over two years in May, with the world's number-one gold market showing a strong appetite for bullion as prices remained 25% below their early 2026 highs.China imported approximately 163 tonnes of gold last month, the largest monthly total since March of 2024, according to the latest customs data released over the weekend. Bullion import volumes year-to-date totaled around 692 tonnes through May, a 76% increase from the same period in 2025.

Gold settled 1.2% lower and silver fell nearly 5.4%, with both metals down for a third-consecutive session.

Gold prices continue to trade near their lows for the year as the Federal Reserve's new hawkish bias takes its toll on the market, with another bank lowering its year-end price forecast.