Gold Prices Slip Friday Morning but Hold Above the US$4,000 Per Ounce Mark
Gold prices edged lower during Friday morning trading (June 26, 2026), but continued to trade above the key psychological level of US$4,000 per troy ounce. As of 7:41 a.m. WIB, August 2026 gold futures on the Commodity Exchange were priced at US$4,029.60 per troy ounce, down 0.44% from the previous trading session.
Despite the decline, gold remained relatively resilient around the US$4,000 level after the latest U.S. inflation data eased expectations of additional interest rate hikes.
According to Bloomberg, U.S. inflation increased by less than 0.4% in May 2026, reducing immediate inflation concerns and limiting support for gold prices. However, the precious metal is still expected to post a weekly loss as investors reassess the outlook for monetary policy.
"Gold is facing a more challenging combination of aggressive Federal Reserve repricing, higher real yields, and technical pressure after breaking above the psychological US$4,000 level," said Christopher Wong, a strategist at OCBC, as quoted by Bloomberg.
He added that these factors make the recent gold rally increasingly vulnerable to short-term downside pressure, despite prices remaining above the significant US$4,000 threshold.