# Gold: Deep quarterly loss on Fed repricing – Commerzbank

> Gold briefly fell below $4,000 before bargain buying emerged, and was heading for its largest quarterly loss in 13 years. June's monthly decline was around 11%, and ETF holdings fell by more than 40 tons since the start of the quarter. Traders now price in a Fed rate hike.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/18716-gold-deep-quarterly-loss-on-fed-repricing-commerzbank
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher bond yields and a stronger dollar from hawkish Fed expectations pressure dollar-priced commodities. Upcoming US labour data could drive the next move in the dollar and in rate-sensitive assets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-24 | [DXY: Fed repricing supports US currency – Deutsche Bank](https://feedsoft.ai/events/19922-dxy-fed-repricing-supports-us-currency-deutsche-bank.md) | -0.0% | +0.6% |
| DXY | 2026-09-23 | [Gold, silver slammed as hawkish Fed repricing reignites dollar upside](https://feedsoft.ai/events/17389-gold-silver-slammed-as-hawkish-fed-repricing-reignites-dollar-upside.md) | +1.2% | +1.5% |
| DXY | 2020-09-22 | [Dollar rises after Fed's Evans comments on quantitative easing](https://feedsoft.ai/events/7696-dollar-rises-after-fed-s-evans-comments-on-quantitative-easing.md) | +1.1% | -1.0% |
| DXY | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.0% | -0.0% |
| DXY | 2017-09-22 | [Fed QT stocks, gold impact - MINING.COM](https://feedsoft.ai/events/68875-fed-qt-stocks-gold-impact-mining-com.md) | +1.2% | +1.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-deep-quarterly-loss-on-fed-repricing-commerzbank-202606301150

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.