Gold Prices Fall Below $4,000; Silver and Oil Prices Also Plunge

en.Wedoany.com Reported - International precious metals and crude oil markets experienced sharp volatility. Spot gold fell below the key $4,000 per ounce level during trading, the first time since November 2025. Gold futures for August delivery on the New York Mercantile Exchange settled at $4,008.80 per ounce, down 3.39%; silver futures for July delivery closed down 6.42% at $58.087 per ounce.

Analysts believe the market now expects the Federal Reserve to raise interest rates as early as September, pushing the U.S. dollar index to a 13-month high and putting heavy pressure on the precious metals market. In the oil market, as tensions in the Middle East ease and traffic conditions in the Strait of Hormuz improve, international oil prices have fallen significantly. Light crude oil futures for August delivery on the New York Mercantile Exchange settled at $70.34 per barrel, down 3.92%; Brent crude oil futures for August delivery on the London ICE Futures Exchange settled at $73.74 per barrel, down 4.33%.

In the U.S. stock market, the three major indexes closed mixed. The Dow Jones Industrial Average rose 0.35%, the S&P 500 index fell 0.10%, and the Nasdaq Composite fell 0.43%. Chip stocks continued to retreat, with Western Digital and Seagate Technology both falling over 4%, and Qualcomm falling over 3%. U.S. new home sales data for May stood at 580,000 units, well below the market estimate of 640,000 units, marking the lowest level since the beginning of the year.

In European markets, the three major indexes were mixed on Wednesday. The UK FTSE 100 index rose 0.31%, the French CAC 40 index rose 0.54%, and the German DAX index fell 0.62%. The defense sector saw a notable decline, with Rheinmetall closing down over 18%. The synchronized fluctuations in commodities and stock markets reflect the market's comprehensive response to the direction of Federal Reserve policy, geopolitical situations, and global economic prospects.

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