Gold Cracks to 4,178 as Fed Hawkish Pivot Outweighs PBoC 19th Month
Spot gold dropped to 4,178.25 by Friday after the Federal Reserve held rates steady on Wednesday but the dot plot showed nine of nineteen FOMC participants expecting at least one rate increase later in 2026. The PBoC added another roughly 10 tons in May, marking 19 consecutive months of accumulation.