Gold stabilizes, posts steepest quarterly loss since 2013

Gold ends worst quarter in 13 years

Gold prices were little changed on Tuesday, but the yellow metal recorded its steepest quarterly percentage loss since the second quarter of 2013, pressured by the inflationary fallout from the Middle East conflict.

The global energy supply shock fueled expectations of tighter monetary policy, particularly in the US, weighing on gold and other precious metals as the US dollar strengthened.

Although oil prices retreated toward pre-conflict levels after the US and Iran reached a memorandum of understanding to end the war and begin comprehensive peace talks, markets continue to expect the Federal Reserve to raise interest rates this year, keeping pressure on gold.

June 30, 2026 settlement.

Despite Tuesday's gain, silver posted its steepest monthly percentage decline since September 2011 and its largest quarterly drop since the first quarter of 2020, ending a streak of five consecutive quarters of gains.