Precious Metals Prices

Precious metal prices decreased 8.6% month on month in June, following May’s 2.1% fall.

In June, the average price of the precious metals complex declined for a fourth consecutive month. Silver recorded the sharpest decline, more than reversing the previous month’s gains, while gold proved the most resilient. The broad sell-off was driven by a stronger USD and expectations of higher-for-longer U.S. interest rates, as the Federal Reserve adopted a more hawkish tone in June, reducing the appeal of non-yielding metals. Softer investor sentiment and weak industrial demand amid persistent geopolitical tensions added further pressure, particularly on platinum and palladium. Constrained supply helped limit losses.