Gold climbs to $4,177 amid fading rate hike fears

MG News | July 03, 2026 at 10:12 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 03, 2026 (MLN): Gold prices climbed on Friday as investors scaled back expectations of a Federal Reserve rate hike.

Currently, spot gold is up 3.06% to $4,177.42 an ounce as of [10:05 am] PST, according to data reported by Mettis Global.

The US dollar was heading for a weekly decline, making dollar-denominated gold cheaper for buyers holding other currencies.

Traders were pricing in roughly a 54% probability of a rate hike in September, down from 66% before the jobs data was released, according to the CME FedWatch Tool, CNBC reported.

Higher interest rates tend to weigh on non-yielding assets like gold, as they boost the appeal of interest-bearing investments.

Among other precious metals, spot silver rose 2.3% to $62.43 per ounce, platinum advanced 2.7% to $1,660.05, and palladium added 1.3% to $1,284.40.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,875.00	84,320.00 82,645.00	1405.00 1.70%
BRENT CRUDE	104.54	105.09 102.33	0.26 0.25%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.66	0.00 0.00	-0.19 -0.21%
SUGAR #11 WORLD	20.27	20.44 20.09	0.12 0.60%