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Hawkish Fed Keeps Boot On Gold's Neck

Sunday, June 28, 2026

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Hawkish Fed Keeps Boot On Gold's Neck

Gold just posted its fourth straight weekly loss. PCE came in line, dollar dipped Friday, and gold caught a small bid. None of it matters. The Fed is hiking. Kashkari just flipped hawk. Warsh is not backing down. Every bounce is getting sold. Bulls have nothing until $4,114 breaks clean. NFP hits Thursday and a strong number kills any recovery story before it starts.

Gold: $4059.98
Yesterday: $4089.03
Down: $29.05 (-0.71%)
Dollar: UP - Bearish for gold
Resistance: $4,114
Support: $3,960
NFP Thursday morning. Strong print and $3,960 breaks fast.

Full analysis โ†’
https://www.xaualerts.com/gold/hawkish-fed-keeps-boot-on-golds-neck-june-28-2026/analysis
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XAUalerts ยท ยฉ 2026 ยท Not financial advice