June 30, 2026

Market Overview 24-06-2026 to 30-06-2026

Precious Metals Market Enters a Period of Lower Prices

During the last week of June, the major precious metals recorded relatively low market prices. The correction in precious metal prices and the decline in investor optimism continue to be driven by growing expectations of further Federal Reserve interest rate hikes, as well as the prolonged geopolitical tensions in the Middle East.

Despite the challenging situation, analysts at some of the world’s largest banks forecast solid price growth and increasing popularity for precious metals during the second half of 2026.

From June 24 to June 30, the global gold price increased by more than 0.7% and reached USD 4,029 per troy ounce.

Although gold performed relatively positively during the final week of June, the price of the world’s leading precious metal has declined by more than 10% over the past month. During the second quarter of 2026, the global gold price recorded a decline of more than 16%.

The recent correction in gold prices has been partly driven by the monetary policy of central banks. Market participants increasingly expect further interest rate hikes in the United States. With inflation continuing to accelerate, strong newly created jobs data, and rising economic activity indicators, some analysts forecast that the Federal Reserve could raise interest rates another two or even three times before the end of this year.

Should this scenario materialize, U.S. dollar-denominated precious metals (including gold, silver, and others) may find it more difficult to compete with U.S. government securities. As a result, precious metals could also become less attractive to investors holding foreign currencies.

Nevertheless, some analysts remain optimistic about gold. Representatives of Goldman Sachs believe that the global gold price could rise to USD 4,900 per troy ounce by the end of this year.

The global silver price increased by approximately 2.6% over the past week and reached USD 58.92 per troy ounce.

Although silver prices have shown clear short-term growth, it should be emphasized that at the beginning of this month the global silver price stood at approximately USD 74.86 per troy ounce.

Assessing the reasons behind the volatility of the silver market, most analysts point to the crisis in the Middle East. Although the United States and Iran have reached a preliminary diplomatic agreement and continue active negotiations toward a final peace treaty, both military clashes and diplomatic tensions between the two countries have not yet come to an end.

Considering that silver is widely used both as an investment asset and in industrial production, it is natural that its price is closely linked to global oil prices. Meanwhile, global oil prices have recently remained highly volatile due to the complicated transportation situation in the Strait of Hormuz. For this reason, analysts primarily associate any more significant movements in silver prices in the near future with developments in the Middle East conflict.

From June 24 to June 30, the global palladium price increased by more than 5.5% and reached USD 1,237 per troy ounce.

The global platinum price recorded only minor changes from June 24 to June 30. At the end of the period, platinum was trading at approximately USD 1,577 per troy ounce.

From June 24 to June 30, the global copper price increased by more than 3% and reached USD 13,427 per tonne.