June 2022 in Precious Metals, by Steven Cochran
What Did Gold Do in June? Gold prices don’t usually see much activity during the summer months, but there were lots of things pushing and pulling prices in different directions in June. in June. The largest moves happened in the middle of the month. June 13th was the Monday after a worse-than-expected CPI report, and it seemed like the world caught fire. The bottom fell out of the stock market, bond yields shot up and briefly inverted, and the dollar index jumped to over 105. Spot gold closed the day $53 lower. Gold prices inched higher in the following days, …