Gold Breaks Below $4,000 as Fed Pivots Hawkish: But the Floor Hasn’t Moved
Gold Breaks $4,000 as Fed Pivots Hawkish: But the Floor Hasn't Moved The biggest story in commodities this week was not a supply shock or an earnings print. It was a single sentence from a central bank meeting that repriced $120 per ounce of gold overnight and sent a reminder that Federal Reserve policy, however briefly, can override every structural demand argument in the market. What the Fed Did, and Why It Hit Gold So Hard Gold broke below $4,000 on June 24 for the first time since November 2025. The trigger was Fed Chair Kevin Warsh's first FOMC meeting, which delivered a material hawkish pivot: no resistance to rate-hike pricing, a Taylor rule running 80 basis points above current level…
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