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	169,545.07 46.62M	0.94% 1574.41
ALLSHR	102,414.91 112.49M	0.78% 795.03
KSE30	50,531.68 16.36M	0.89% 443.30
KMI30	241,796.48 22.08M	0.77% 1839.37
KMIALLSHR	66,462.91 74.80M	0.83% 544.77
BKTi	47,092.50 4.06M	0.86% 400.19
OGTi	34,720.17 2.02M	0.78% 268.98

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,500.00	79,110.00 77,350.00	-1650.00 -2.08%
BRENT CRUDE	107.54	107.55 106.25	1.86 1.76%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	3.40 2.69%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	0.95 0.68%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	103.35	103.37 101.83	1.96 1.93%
SUGAR #11 WORLD	18.16	18.39 17.96	0.01 0.06%