Why is the price of gold trending down?

Author: Megha BahreePublished on: June 14, 2026Country: United States

Business & Economy

Since the US-Israel attack on Iran in late February, gold prices have fallen from $5,303 per troy ounce on January 28 to $4,235 on June 14. US inflation hit a three-year high of 4.2% due to Iran's blockade of the Strait of Hormuz, driving up energy prices. Central banks may raise interest rates to curb inflation, weighing on gold as a non-yielding asset.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Yemi Cardoso leads the CBN to global acclaim

Business & EconomyNigeria

Toni Kan•7h ago

Yemi Cardoso leads the CBN to global acclaim

On June 10, 2026, in London, Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), accepted the Central Bank of the Year award from Central Banking. In his speech, he credited his team and emphasized the vital role of central banks in economic stability. The article notes that Cardoso inherited a crisis-ridden bank in 2023, with hyperinflation and loss of autonomy under Buhari, but reversed the trend through decisive actions.

Stupid public policy reason Nigeria without electricity - Kemi Badenoch

PoliticsBusiness & EconomyNigeria

Ogaga Ariemu•9h ago

Stupid public policy reason Nigeria without electricity - Kemi Badenoch

Kemi Badenoch, leader of the UK's Conservative Party, said Nigeria has failed to translate its vast oil resources into adequate electricity supply. In an interview with The Spectator, she blamed poor public policy for the country's decades-long electricity challenges. Nigeria generates between 3,500 and 5,000 megawatts for a population of over 250 million. President Bola Tinubu has pledged to address the sector's issues.

Coffee-Cocoa Sector: Producer Card Becomes Mandatory from September 1, 2026

Business & EconomyCôte d'Ivoire

Adolphe ANGOUA•10h ago

Coffee-Cocoa Sector: Producer Card Becomes Mandatory from September 1, 2026

The Director General of the Coffee-Cocoa Council, Koné Brahima Yves, announced at a press conference on June 12, 2026, at the Pullman Hotel in Abidjan that the producer card will become mandatory as of September 1, 2026, the start of the main 2026-2027 marketing campaign. This measure aims to anticipate the European Union's deforestation regulation, effective January 1, 2027, which requires full traceability of agricultural products. Côte d'Ivoire has been running a compliance program since 2019 to maintain access to international markets.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more