Last week, the aftershocks of the hawkish blow from the FOMC remained, and coupled with the new uncertainties in the signing of the US-Iran agreement, gold continued its downward trend. As of the early Asian session on June 22, 2026, the spot gold price in London was about $4,176 per ounce, a cumulative decline of more than $200 from the post-FOMC high of $4,382 last Thursday, approaching the key support level of $4,150.
Last week, the aftershocks of the hawkish blow from the FOMC remained, and coupled with the new uncertainties in the signing of the US-Iran agreement, gold continued its downward trend. As of the early Asian session on June 22, 2026, the spot gold price in London was about $4,176 per ounce, a cumulative decline of more than $200 from the post-FOMC high of $4,382 last Thursday, approaching the key support level of $4,150.