Gold prices hovered near a seven-month low on Wednesday, as firm Treasury yields and the Federal Reserve's interest rate outlook continued to weigh on the precious metal. This was reported by Qazaqyia.kz citing Reuters.
As of July 1, 2026, gold maintained its downward trend, with investors focused on the Fed's next moves. Rising Treasury yields have reduced gold's appeal as an alternative asset, potentially leading to further price declines.