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    Home»UAE»Gold faces biggest monthly drop since late 2008

    Gold faces biggest monthly drop since late 2008

    Editorial TeamBy Editorial TeamJune 30, 2026
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    CAPITALS, 30th June, 2026 (WAM) — Gold prices fell more than 1 percent on Tuesday and were set for their biggest monthly decline since October 2008.

    Spot gold declined 1.5 percent to $3,956.92 per ounce by 02:21 GMT, shedding 12.7 percent so far in the month in what ⁠would be its fourth straight monthly fall.

    US gold futures for August delivery lost 1.7 percent to $3,969.30.

    Spot silver fell 2 percent to $57.13 per ounce, platinum lost 1.1 percent to $1,557.21 and palladium slid 0.4 percent to $1,208.17. All three metals were headed for quarterly and monthly losses.

    Source: Emirates News Agency

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