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Gold Slides to $4,155 as Dollar Rises, Fed Hike Likely

7/6/2026

26 5 Full Breakdown

Summary

Story summary

Spot gold fell 0.5% to $4,155.10 per ounce on July 6, 2026.
The U.S. dollar rose 0.2% as August gold futures climbed 1% to $4,167.80.
Tim Waterer, chief market analyst at KCM Trade, said the resilient dollar hinders gold.
Traders see a 56% chance of a September Federal Reserve (Fed) hike, down from over 60% per CME FedWatch.
J.P. Morgan expects gold to cap at $4,300 in Q3 and $4,500 in Q4 2026.

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Story summary

Spot gold fell 0.5% to $4,155.10 per ounce on July 6, 2026.
The U.S. dollar rose 0.2% as August gold futures climbed 1% to $4,167.80.
Tim Waterer, chief market analyst at KCM Trade, said the resilient dollar hinders gold.
Traders see a 56% chance of a September Federal Reserve (Fed) hike, down from over 60% per CME FedWatch.
J.P. Morgan expects gold to cap at $4,300 in Q3 and $4,500 in Q4 2026.