Gold prices fell on Monday, June 29, 2026, as oil prices rose against the backdrop of renewed hostilities between the United States and Iran, while pressures on the metal increased due to expectations of an interest rate hike from the US Federal Reserve. Gold in instant transactions fell 0.5 percent to $4,067.99 per ounce by 00:45 GMT. US gold futures for August delivery lost 0.4 percent to $4,081.20. As for other precious metals, silver fell in spot transactions 1.1 percent to $58.49 per ounce, platinum rose 0.4 percent to $1,620.15, and palladium fell 0.4 percent to $1,204.25.