--- title: "Understanding the Market | Gold stocks continue to decline, gold prices fall below $4,000, hitting a seven-month low, and Wall Street collectively lowers gold price expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/290902967.md" description: "Affected by the better-than-expected U.S. PCE data, the strengthening U.S. dollar index, and rising expectations for Federal Reserve interest rate hikes, gold prices fell below $4,000, hitting a seven-month low. Gold stocks followed suit, with individual stocks such as China Gold International and SD GOLD experiencing declines. Wall Street investment banks like Goldman Sachs and Deutsche Bank collectively lowered their gold price forecasts, with the Bank of Montreal expecting an average price of about $4,625 per ounce in the second half of the year" datetime: "2026-06-26T02:27:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290902967.md) - [en](https://longbridge.com/en/news/290902967.md) - [zh-HK](https://longbridge.com/zh-HK/news/290902967.md) --- # Understanding the Market | Gold stocks continue to decline, gold prices fall below $4,000, hitting a seven-month low, and Wall Street collectively lowers gold price expectations According to the Zhitong Finance APP, gold stocks continue to decline. As of the time of publication, China Gold International (02099) fell by 3.89%, trading at HKD 113.6; Shandong Gold (01787) dropped by 3.18%, trading at HKD 17.06; Zijin Mining International (02259) decreased by 3.17%, trading at HKD 90; and Chifeng Gold (06693) fell by 2.74%, trading at HKD 22.76. In terms of news, on Thursday, the U.S. PCE price index rose by 4.1% year-on-year, the highest level since April 2023, and the first time in over three years that it has surpassed the 4.0% mark. The U.S. dollar index rose to a 13-month high, with the Federal Reserve's interest rate hike expectations increasing to 67%. Coupled with the easing of geopolitical risks from the U.S.-Iran peace agreement and a drop in oil prices, gold fell below the key psychological level of USD 4,000, reaching its lowest point in over seven months. Wall Street investment banks have collectively lowered their gold price expectations. Bank of Montreal Capital Markets stated that it expects the average gold price in the second half of this year to be around USD 4,625 per ounce, a 5% reduction from previous expectations. Prior to this, Deutsche Bank, Goldman Sachs, Citigroup, JP Morgan, Morgan Stanley, and ANZ Bank had also successively lowered their gold price targets. Goldman Sachs has reduced its year-end target price to USD 4,900, while Deutsche Bank sees an extreme scenario of USD 3,800 ### Related Stocks - [01787.HK](https://longbridge.com/en/quote/01787.HK.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [02099.HK](https://longbridge.com/en/quote/02099.HK.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [02259.HK](https://longbridge.com/en/quote/02259.HK.md) - [06693.HK](https://longbridge.com/en/quote/06693.HK.md) - [600988.CN](https://longbridge.com/en/quote/600988.CN.md) - [BMO.US](https://longbridge.com/en/quote/BMO.US.md) - [DB.US](https://longbridge.com/en/quote/DB.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [ANZ.AU](https://longbridge.com/en/quote/ANZ.AU.md) - [600916.CN](https://longbridge.com/en/quote/600916.CN.md) - [DBK.DE](https://longbridge.com/en/quote/DBK.DE.md) - [03KB.DE](https://longbridge.com/en/quote/03KB.DE.md) - [DPB.DE](https://longbridge.com/en/quote/DPB.DE.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [ANZGY.US](https://longbridge.com/en/quote/ANZGY.US.md) ## Related News & Research - [Gold falls below $4,000/oz on strong dollar, hawkish Fed signals](https://longbridge.com/en/news/290698033.md) - [PRECIOUS-Gold heads for fourth weekly drop as traders reassess Fed rate outlook](https://longbridge.com/en/news/290946673.md) - [Gold is down by 2.12%](https://longbridge.com/en/news/290310222.md) - [PRECIOUS-Gold slips as Fed rate-hike expectations buoy dollar](https://longbridge.com/en/news/290626570.md) - [PRECIOUS-Gold under pressure near 7-month low as Fed rate-hike bets boost dollar](https://longbridge.com/en/news/290781892.md)