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.

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