Gold Weakens Below $4,200 as Hawkish Fed and Easing Iran Tensions Weigh

Gold slipped below $4,200 to fresh weekly lows on June 19 after the Federal Reserve’s hawkish dot plot reduced rate-cut expectations and lifted Treasury yields. The metal had rebounded sharply from the June 11 low of $4,023 on a US-Iran peace deal that eased geopolitical risks, rallying above $4,300 before stalling at $4,366-$4,382 resistance. The recovery faltered after the June 17 FOMC meeting, with prices now facing sustained pressure from a stronger dollar and fading safe-haven demand. Technical indicators remain bearish unless the $4,000 support holds.