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Warsh Is Hawkish. Gold Is Paying For It.

Tuesday, June 30, 2026

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Warsh Is Hawkish. Gold Is Paying For It.

Fed Chair Warsh just held rates at 3.50-3.75% and the dot plot says the next move is a hike. Markets are pricing a 65% chance of a September hike. DXY is sitting at 101.3, up over 2% this month. Gold is down 11% in June alone, heading for its worst quarter since 2013. The $4,000 floor is cracking. NFP drops Thursday and Warsh speaks Wednesday. Bulls have no room to breathe.

Gold: $4007.41
Yesterday: $4016.72
Down: $9.31 (-0.23%)
Dollar: UP - Bearish for gold
Resistance: $4,063
Support: $3,960
Warsh speaks Wednesday, NFP drops Thursday - both are landmines for $4,000.

Full analysis โ†’
https://www.xaualerts.com/gold/warsh-is-hawkish-gold-is-paying-for-it-june-30-2026/analysis
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XAUalerts ยท ยฉ 2026 ยท Not financial advice