India, July 6 -- Gold prices in the US traded above the $4100 an ounce level on 06 July 2026, reflecting strong investor demand despite some mild profit booking. The precious metal continues to find support from softer than expected US economic data, falling crude oil prices and fading hopes of a further Fed interest rate hike.
Spot gold was trading at about $4,145 an ounce, while gold futures were around $4,160 an ounce and the US dollar, which has been subdued during the session, is also a headwind for bullion. Market expectations see the odds of a Fed rate hike in September falling from 66% to just shy of 50%. Investors are looking to upcoming inflation data and Federal Reserve commentary for new direction.
LIVE Gold Price Today | Inte...