Gold prices averaged USD 2,328 per troy ounce in June, down 1.0% from May. On 28 June, the commodity traded at USD 2,326 per troy ounce, down 0.2% from 31 May.
In June, gold prices dipped from May’s average, due partly to stronger-than-expected U.S. jobs data and moderating Central Bank purchases. Moreover, the USD appreciated in June, fueled by the Fed’s upward revisions to its end-2024 interest rates, dragging on investment demand by making the metal more expensive for holders of other currencies. That said, gold prices remained at historically-high levels, supported by elevated geopolitical tensions and a monthly dip in U.S. treasury bill yields.
This chart displays Gold (US$/toz) from 2022 to 2024.
Gold LBMA (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gold LBMA | 1,889 | 1,978 | 1,928 | 1,977 | 2,072 | 2,338 | - | - |