---
title: "Gold sinks to two-month low as Fed hike bets grow"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289253587.md"
description: "Gold prices fell to a two-month low of approximately $4,299 per ounce, driven by growing expectations of a U.S. Federal Reserve rate hike and broader market weakness. Traders now price in a 70% probability of a December rate increase, with upcoming inflation data expected to influence policy decisions. Additionally, gold dropping below its 200-day moving average has triggered bearish technical signals, leading some analysts to lower near-term price targets to $4,000."
datetime: "2026-06-10T01:03:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289253587.md)
  - [en](https://longbridge.com/en/news/289253587.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289253587.md)
---

# Gold sinks to two-month low as Fed hike bets grow

Fresh two-month low: Gold slid 0.7% to about $4,299 per ounce, pressured by rising U.S. rate hike expectations and broad market weakness. Fed policy in focus: Traders now see a 70% chance of a December rate hike, with inflation data this week likely to shape the Fed's next move. Bearish technical signal: Gold’s drop below its 200-day moving average has analysts warning of further downside, with some cutting near-term targets to $4,000.

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