Gold prices dip amid easing global tensions

Business Jun 27, 2025

Gold just dropped to $3,283.56 an ounce—the lowest since late May—after a US-brokered ceasefire between Iran and Israel eased worries about conflict.
That's a $200+ slide from April's high, with gold losing over 2% this week alone.

Why gold is losing its shine

Gold is usually the go-to when things feel shaky, but with interest rates expected to stay high (and gold not paying any income), investors are looking elsewhere.
Everyone's now watching for the next US inflation report to see where rates—and gold—might head next.

Other precious metals also feel the heat

It's not just gold feeling the drop. Silver slid 1.4%, platinum fell nearly 4%, and even palladium dipped a bit as markets adjust to calmer global vibes and changes in trade deals like the new US-China rare earths agreement.