Khaberni - Gold prices fell on Thursday under the pressure of signals about the tightening of the Federal Reserve (the US central bank) monetary policy and the rising dollar.
Meanwhile, the ceasefire agreement between the United States and Iran, which eased inflation fears and pushed oil prices down, helped limit the losses of the precious metal.
According to Reuters, the spot gold price fell 0.3% to $4246.55 an ounce, after recording its lowest level since November 2025 last week.
Peter Grant, vice president and senior metals analyst at Zaner Metals, said the most influential factor was the Fed's tone leaning towards tightening monetary policy, which pushed the dollar to record its highest levels this year, pressuring gold.
The Federal Reserve kept interest rates unchanged on Wednesday, while nine out of 19 monetary policymakers saw the need to raise them later.
The dollar index rose to its highest level of the year following the Fed's statement, making gold priced in US currency more expensive for holders of other currencies.
According to CME Group's Fed Watch service, traders now expect an 88% chance of a US interest rate hike in December, up from 61% before the Fed's decision.
The United States and Iran published the text of their temporary agreement on Wednesday, while President Donald Trump threatened to resume attacks and target Iranian officials if they do not adhere to their commitments.
Brent crude futures fell to their lowest level since March 2nd, the first trading day after the US-Israeli attacks on Iran, while West Texas intermediate crude recorded its lowest level since March 4th.
Regarding other precious metals, spot silver fell 2% to $66.65 an ounce, platinum lost 1% to record $1718.78, and palladium dropped 2.1% to $1285.10.
