Gold Takes a Dive as Fed Keeps Rates Chill and Deals Up

Geopolitics

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Gold Takes a Dive as Fed Keeps Rates Chill and Deals Up

Hey there! So, on June 18, 2026, the Fed decided to keep interest rates chill at 3.50% to 3.75%. Gold took a tumble to $4,290.52 an ounce—yikes! But guess what? The U.S. and Iran made a deal, and oil prices got a little happier. Meanwhile, Société Générale upped their gold game from 7% to 10%. Smart move, right? Just like ordering extra cheese!