Shut down the 19/6 trading session, the world's gold delivery immediately dropped 53 dollars to $4.154 a ounce. In session, the price had a time to go down $4.119 - lowest since June 11.

In total, the price has dropped over $100 - the week's record has dropped third consecutive. Earlier this week, the market came up due to U.S. - Iran's peace agreement. However, the quarter metal goes down in the final session, due to the ability of the U.S. Federal Reserve (Fed) to increase interest this year.

Meanwhile, the gold in the water moved again this morning. 9 o'clock on June 20, the Czech Silver Gold Company (SJC) sealed the gold price at 144,32 - 147,2 million, increasing 500,000 in both dimensions compared to yesterday's end.

  • The world's gold price turns down in the weekends. Plot: Kitco*

"The gold is facing the risk of sinking into the price zone, losing the $4,000 mold, due to precious metals still in challenging environments. The expectations Fed holds interest rates at higher levels during longer periods will put pressure on non-paying tools", Nikos Tzabouras - market analyst at Tradu remarked.

Following the policy session on 17 June, the Fed announced to retain the interest. However, 9 officials have stated the need to raise interest once a year. CME FedWatch Tracking Tool also showed that the U.S. probability forecast market was 70%.

"The Word of Gold also depends on the developments in the American - Iranian negotiations, the U.S. inflation next week and how the market predicts Fed's upcoming policies", Tzabouras said. Last week's data showed US inflation May as 4.2%, first out of four percent since early 2023, mainly due to rising energy prices.

On 19 June, Switzerland announced the next talks of a peace agreement between the U.S. and Iran would not take place here as planned. The U.S. administration also confirmed that the U.S. Vice President JD JD DUL cancelled his plan to come here. Even so, Israel and Hezbollah forces have reached a truce since June 19.

The Goldman Sachs Bank dropped the gold price forecast of $4,900 in December, from $5,400 earlier. They said that they remained optimistic about gold prices in the middle, but cautiously due to precious metals at risk of losing price in short term.