Gold falls to 11-week low on Wednesday

Gold falls to 11-week low on Wednesday

WAM
10 Jun 2026, 10:12 GMT+

CAPITAL, 10th June, 2026 (WAM) -- Gold fell to an 11-week low on Wednesday, as the dollar and oil prices rose, fuelling concerns about inflation and interest rate hikes.

Spot gold was down 1.9 percent at $4,181.04 per ounce by 04:14 GMT, after hitting its lowest level since 23rd March.

US gold futures for August delivery shed 1.9 percent to $4,204.70.

Spot silver fell 2.1 percent to $64.01 per ounce, platinum dropped 3.4 percent to $1,667.92, and palladium fell 1.5 percent to $1,204.24.

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