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Fed Hiking Again. $4,000 Won't Hold.

Monday, June 29, 2026

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Fed Hiking Again. $4,000 Won't Hold.

Gold is in freefall. Down $72 today alone, sitting on $4,000 by a thread after slicing through it earlier in the session. The Fed is hiking. PCE came in at 4.1% and Warsh isn't blinking. Markets are pricing three hikes this year with a 60% shot at September. Iran ceasefire talks in Doha buy a little calm but that's not saving gold. This is a rate-driven demolition job and $4,000 is the last line standing.

Gold: $4016.72
Yesterday: $4089.03
Down: $72.32 (-1.77%)
Dollar: DOWN - Bearish for gold, but hawkish Fed is doing the real damage
Resistance: $4,089
Support: $3,960
JOLTS Tuesday, ADP Wednesday, NFP Thursday. Jobs data hits all week. One hot print and $4,000 cracks for good.

Full analysis โ†’
https://www.xaualerts.com/gold/fed-hiking-again-4-000-wont-hold-june-29-2026/analysis
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XAUalerts ยท ยฉ 2026 ยท Not financial advice