Trade Week Wrap June 12 2026: Gold Cracks to $4,216, Phillips XIV Looms, RAPI Rebound
The trade week ending June 12, 2026 reset three clocks. Gold spot punched below $4,250 after a hot May payrolls print sent the implied December hike odds to 72%. Phillips XIV drops Saturday with a pink gold Patek 1518 at $1.2M to $2.4M. Rapaport May data shows small stones recovering for the first time in over a year.