Gold Hits a Wall at $4,100 as Hawkish Fed Signals Lift DXY to 101.42
The Federal Reserve held rates at 3.50–3.75% at the June 2026 FOMC meeting, while the dot plot turned more hawkish and helped push the U.S. Dollar Index (DXY) to a 13-month high of 101.42. Gold stayed under pressure, repeatedly failing on rebounds near $4,100 before breaking below $4,000 and marking a seven-month low. Traders have been treating the pattern as a systematic “sell-the-bounce” setup.